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Question 8 (5 points) Miller Inc. began operations in April 2020. The following are Miller's purchases and sales of inventory for April 2020: Purchases: April

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Question 8 (5 points) Miller Inc. began operations in April 2020. The following are Miller's purchases and sales of inventory for April 2020: Purchases: April 4 Inventory purchased 500 units @ $48 April 16 Inventory purchased 400 units @ $72 April 28 Inventory purchased 1400 units @ $76 Sales: April 10 Inventory sold 250 units April 21 Inventory sold 350 units A physical inventory count indicated that 700 units were on hand at the end of April. Assume Miller uses a periodic inventory system and average cost as its cost flow assumption. Calculate Miller's cost of goods sold for April. Question 8 15 points) Miller Inc. began operations in April 2020. The following are Miller's purchases and sales of inventory for April 2020: Purchases: April 4 Inventory purchased 500 units @ $48 April 16 Inventory purchased 400 units @ $72 April 28 Inventory purchased 1400 units @ $76 Sales: April 10 Inventory sold 250 units April 21 Inventory sold 350 units A physical inventory count indicated that 700 units were on hand at the end of April. Assume Miller uses a periodic inventory system and average cost as its cost flow assumption. Calculate Miller's cost of goods sold for April

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