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Metlock Company uses a periodic inventory system. For April, when the company sold650units, the following information is available. Units Unit Cost Total Cost April 1
Metlock Company uses a periodic inventory system. For April, when the company sold650units, the following information is available.
Units
Unit Cost
Total Cost
April 1 inventory350$24$ 8,400April 15 purchase3702910,730April 23 purchase280
318,680
1,000
$27,810
Compute the April 30 inventory and the April cost of goods sold using the FIFO method.
Cost of goods sold?
Ending inventory?
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