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Wildhorse Co. uses a periodic inventory system. Its records show the following for the month of April, with 27 units on hand at April 30:
Wildhorse Co. uses a periodic inventory system. Its records show the following for the month of April, with 27 units on hand at April 30: April 1 12 16 Inventory Purchases Purchases Total Units 29 46 15 90 Unit Cost $9 11 10 Total Cost $261 506 150 917 Calculate the ending inventory and cost of goods sold at April 30 using the FIFO and weighted average cost formulas. (Round the weighted average cost per unit to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 5,275.) FIFO Weighted average Ending Inventory U Cost of Goods Sold $ Prove the cost of goods sold calculations. (Round the average cost per unit to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 5,275.) Check of Cost of Goods Sold (FIFO): Units Unit Cost Total Cost Apr. 1 $ Apr. 12 Weighted Average Check of Cost of Goods Sold: per unit = $
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