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Pina Company uses a periodic inventory system. For April, when the company sold450units, the following information is available. Units Unit Cost Total Cost April 1
Pina Company uses a periodic inventory system. For April, when the company sold450units, the following information is available.
Units
Unit Cost
Total Cost
April 1 inventory260$29$7,540April 15 purchase3603512,600April 23 purchase380
3814,440
1,000
$34,580
Compute the April 30 inventory and the April cost of goods sold using the LIFO method.
Cost of goods sold?
Ending inventory?
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