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Sandhill Enterprises uses a periodic inventory system for buckets it sells. It had a beginning inventory on April 1 of 80 units at a cost

Sandhill Enterprises uses a periodic inventory system for buckets it sells. It had a beginning inventory on April 1 of 80 units at a cost of $6 per unit. During April, the following purchases and sales were made.

Purchases

April 7

70 units at $7.00

13

140 units at $8.00

23

110 units at $9.00

29

50 units at $10.00
370

Sales

April 5

140 units at $20

11

110 units at $20

20

100 units at $20

30

50 units at $20
400

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 0 decimal places, e.g. 1,525.)

(a)

Average-cost - Ending Inventory

$enter a dollar amount

Cost of Goods Sold

$enter a dollar amount

(b)

FIFO - Ending Inventory

$enter a dollar amount

Cost of Goods Sold

$enter a dollar amount

(c)

LIFO - Ending Inventory

$enter a dollar amount

Cost of Goods Sold

$enter a dollar amount

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