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Yoakum Company reported the following information related to inventory and sales: Units Unit Cost Beginning inventory 1,000 $20 Purchase No. 1 7,000 22 Purchase No.

Yoakum Company reported the following information related to inventory and sales: Units Unit Cost Beginning inventory 1,000 $20 Purchase No. 1 7,000 22 Purchase No. 2 2,000 23 Sales 7,000 units at $38 per unit. compute the following amounts assuming a periodic inventory: Inventory Revenue Cost o Goods Sold Gross Margin Balance Sheet Ivnty Costing Method FIFO LIFO

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