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Sweet Company uses a periodic inventory system. For April, when the company sold 540 units, the following information is available. Units Unit Cost Total Cost
Sweet Company uses a periodic inventory system. For April, when the company sold 540 units, the following information is available.
Units | Unit Cost | Total Cost | ||||||
April 1 inventory | 220 | $25 | $ 5,500 | |||||
April 15 purchase | 380 | 30 | 11,400 | |||||
April 23 purchase | 400 | 33 | 13,200 | |||||
1,000 | $30,100 |
Calculate weighted average cost per unit
Calculate the FIFO and LIFO
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