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Shamrock uses a periodic inventory system. In April, 600 units were sold and the following additional information is available: April 1 inventory April 15 purchase
Shamrock uses a periodic inventory system. In April, 600 units were sold and the following additional information is available: April 1 inventory April 15 purchase April 23 purchase Units 250 400 Unit Cost $22.00 25.00 28.00 Total Cost $5,500 10,000 9,800 $25,300 350 1.000 1,000 Calculate the April 30 inventory and the April cost of goods sold using the weighted average cost formula.(Round the weighted average cost per unit to 2 decimal places, e.g. 15.25 and final answer to decimal places, eg. 5,125.) $ April 30 inventory April cost of goods sold $ Calculate the April 30 inventory and the April cost of goods sold using the FIFO cost formula. April 30 inventory $ April cost of goods sold $
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