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Tamarisk Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is available. Units Unit Cost Total Cost
Tamarisk Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is available.
Units | Unit Cost | Total Cost | ||||||
April 1 inventory | 260 | $15 | $ 3,900 | |||||
April 15 purchase | 430 | 18 | 7,740 | |||||
April 23 purchase | 310 | 20 | 6,200 | |||||
1,000 | $17,840 |
Compute the April 30 inventory and the April cost of goods sold using the FIFO method.
Ending inventory | $ | |
Cost of goods sold | $ |
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