Compute the april inventory and april cost of goods sold

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

 

Units

Unit Cost

Total   Cost

April 1   inventory

250

$10

$2,500

April 15   purchase

400

12

4,800

April 23   purchase

350

13

4,550

 

1,000

 

$11,850

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

Reference no: EM13529406

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