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Sandhill Co. uses a periodic inventory system. Its records show the following for the month of April, with 24 units on hand at April 30:

Sandhill Co. uses a periodic inventory system. Its records show the following for the month of April, with 24 units on hand at April 30:

Units Unit Cost Total Cost

April 1

Inventory

29 $ 7 $ 203

12

Purchases

43 10 430

16

Purchases

17 12 204

Total

89 837

Calculate the ending inventory and cost of goods sold at April 30 using the FIFO and weighted average cost formulas. (Round the weighted average cost per unit to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 5,275.)

FIFO:

Ending Inventory $______________

Cost of Goods Sold $________________

Weighted average:

Ending Inventory $______________

Cost of Goods Sold $_______________

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