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Compute the april inventory and the april cost of goods sold

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Question - Metlock 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 280 318,680 1,000 $27,810

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

Reference no: EM132156253

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