Reference no: EM132612650

Shamrock uses a periodic inventory system. In April, 600 units were sold and the following additional information is available:

                                                Units                                    Unit Cost            Total Cost

April 1 inventory                    250                              $19.00             $4,750

April 15 purchase                    400                                22.00            8,800

April 23 purchase                       350                              26.00             9,1001,000

                                                                                                 $22,650

Question 1: Calculate the April 30 inventory and the April cost of goods sold using the weighted average cost formula. (Round the weighted average cost per unit to 2 decimal places, e.g. 15.25.)

Question 2: Calculate the April 30 inventory and the April cost of goods sold using the FIFO cost formula