Sheffield Company uses a periodic inventory system. For April, when the company sold 560 units, the following information is available. April 1 inventory April 15 purchase April 23 purchase Ending inventory Units Unit Cost Cost of goods sold 240 370 390 1,000 $27 32 35 Total Cost 14067 $6,480 Compute the April 30 inventory and the April cost of goods sold using the LIFO method. 17903 11,840 13,650 $31,970

Sheffield Company uses a periodic inventory system. For April, when the company sold 560 units, the following information is available. Compute the April 30 inventory and the April cost of goods sold using the LIFO method: Ending inventory Cost of goods sold