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Oriole Enterprises uses a periodic inventory system for buckets it sells. It had a beginning inventory on April 1 of 64 units at a cost
Oriole Enterprises uses a periodic inventory system for buckets it sells. It had a beginning inventory on April 1 of 64 units at a cost of $6 per unit. During April, the following purchases and sales were made. Purchases April 7 54 units at $7.00 13 108 units at $8.00 23 78 units at $9.00 29 44 units at $10.00 284 Sales April 5 108 units at $20 11 78 units at $20 20 68 units at $20 30 34 units at $20 288 Compute the April 30 ending inventory and April cost of goods sold under (a) average cost, (b) FIFO, and (c) LIFO. (Round cost per unit to 2 decimal places, e.g. 15.25 and final answer to O decimal places, e.g. 1,525.) (a) Average-cost - Ending Inventory $ Cost of Goods Sold $ (b) FIFO - Ending Inventory Cost of Goods Sold (c) LIFO - Ending Inventory ta $ Cost of Goods Sold
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