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Springer Company is a baseball wholesaler. The folowing information is available for 2018: Unit Cost $ 30.00 $ 32.00 Cost of Goods Sold Periodic Perpetual
Springer Company is a baseball wholesaler. The folowing information is available for 2018: Unit Cost $ 30.00 $ 32.00 Cost of Goods Sold Periodic Perpetual Beginning Inventory Purchase, April 5 Sale, April 15 (at $60 per unit) Purchase April 17 Purchase April 20 Sale, April 29 ($60 per bat) Purchase April 30 Units 10,000 30,000 25,000 20,000 20,000 50,000 10,000 FIFO $ $ 32.50 33.00 LIFO $ 33.50 Required: Determine Cost of Goods sold for the month of April using the periodic and perpetual method for (a) FIFO and (b) LIFO. Be sure to show your work below and place your answers in the box to the right. Note, no credit will be awarded without you showing your work
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