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Oriole Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available. Units Unit Cost Total Cost
Oriole Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available.
Units | Unit Cost | Total Cost | ||||||
---|---|---|---|---|---|---|---|---|
April 1 inventory | 270 | $30 | $ 8,100 | |||||
April 15 purchase | 440 | 36 | 15,840 | |||||
April 23 purchase | 290 | 39 | 11,310 | |||||
1,000 | $35,250 |
Compute the April 30 inventory and the April cost of goods sold using the FIFO method.
Ending inventory | $enter a dollar amount | |
---|---|---|
Cost of goods sold | $enter a dollar amount |
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