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Swifty Company uses a periodic inventory system. For April, when the company sold 420 units, the following information is available. Units Unit Cost Total Cost
Swifty Company uses a periodic inventory system. For April, when the company sold 420 units, the following information is available. Units Unit Cost Total Cost April 1 inventory 240 $ 13 $ 3,120 April 15 purchase 440 16 7,040 April 23 purchase 320 17 5,440 1,000 $ 15,600 Compute the April 30 inventory and the April cost of goods sold using the FIFO method. Ending inventory $ 8440 Cost of goods sold $ 7160
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