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Teal Mountain uses a periodic inventory system. In April, 600 units were sold and the following additional information is available: Units Unit Cost Total Cost
Teal Mountain uses a periodic inventory system. In April, 600 units were sold and the following additional information is available: Units Unit Cost Total Cost April 1 inventory 250 $21.00 $5,250 April 15 purchase 400 24.00 9,600 April 23 purchase 350 29.00 10,150 1,000 $25,000 Calculate the April 30 inventory and the April cost of goods sold using the FIFO cost formula. April 30 inventory April cost of goods sold
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