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Compute the april inventory and the april cost of goods sold

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Question - Pharoah Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is available.

 

Units

Unit Cost

Total Cost

April 1 inventory

260

$29

$7,540

April 15 purchase

360

35

12,600

April 23 purchase

380

38

14,440

 

1,000

 

$34,580

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

Reference no: EM131692839

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