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Amsterdam Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available.
Units
Unit Cost
Total Cost
April 1 inventory
250
$10
$2,500
April 15 purchase
400
12
4,800
April 23 purchase
350
13
4,550
1,000
$11,850
Compute the April 30 inventory and the April cost of goods sold using the average cost method.
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