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Compute the April inventory and the April cost of goods sold

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Reference no: EM132504611

Question - Oriole 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

270

$30

$8,100

April 15 purchase

440

36

15,840

April 23 purchase

290

39

11,310

 

1,000

 

$35,250

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

Reference no: EM132504611

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