Solution-Compute the April inventory and cost of goods sold

Compute the April inventory and cost of goods sold

Reference no: EM132448277

Question - Tamarisk Company uses a periodic inventory system. For April, when the company sold 650 units, the following information is available.

	Units	Unit Cost	Total Cost
April 1 inventory	350	$24	$8,400
April 15 purchase	370	29	10,730
April 23 purchase	280	31	8,680
	1,000		$27,810

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

Reference no: EM132448277

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Compute the April inventory and cost of goods sold

Reference no: EM132448277

Reference no: EM132448277

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