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Wildhorse Company uses a periodic inventory system. For April, when the company sold 570 units, the following information is available. Units Unit Cost Total Cost
Wildhorse Company uses a periodic inventory system. For April, when the company sold 570 units, the following information is available.
Units | Unit Cost | Total Cost | ||||||
---|---|---|---|---|---|---|---|---|
April 1 inventory | 250 | $28 | $ 7,000 | |||||
April 15 purchase | 350 | 34 | 11,900 | |||||
April 23 purchase | 400 | 36 | 14,400 | |||||
1,000 | $33,300 |
Compute the April 30 inventory and the April cost of goods sold using the FIFO method.
Ending inventory | $enter a dollar amount | |
---|---|---|
Cost of goods sold | $enter a dollar amount |
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