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Compute the april inventory

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Question - Ivanhoe Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available.

Units Units Sold Total Cost

April 1 Inventory 270 16 4320

April 15 purchase 410 19 7790

April 23 purchase 320 21 6720

1000 18830

Compute the April 30 inventory and the April cost of goods sold using the FIFO method.

Reference no: EM132189451

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