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Compute the april inventory and the cost of goods sold

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Question - Pina Company uses a periodic inventory system. For April, when the company sold 470 units, the following information is available

Units Units Cost Total Cost

April 1 inventory 290 $18 $ 5,220

April 15 purchase 400 22 8,800

April 23 purchase 310 23 7,130

1,000 $21,150

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

Reference no: EM131604149

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