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Calculate the ending inventory and cost of goods sold

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Question - Blossom Company uses a periodic inventory system. Its records show the following for the month of April, with 23 units on hand at April 30:

Units

Unit
Cost

Total
Cost

April 1

Inventory

27

$7

$189

12

Purchases

41

10

410

16

Purchases

13

11

143

Total

81

742

Required - Calculate the ending inventory and cost of goods sold at April 30 using the FIFO and weighted average cost formulas.

Reference no: EM133150535

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