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Compute the April inventory and the cost of goods sold

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Question - Wildhorse Company uses a periodic inventory system. For April, when the company sold 570 units, the following information is available.

 

Units

Unit Cost

Total Cost

April 1 inventory

250

$28

$7,000

April 15 purchase

350

34

11,900

April 23 purchase

400

36

14,400

 

1,000

 

$33,300

Required -

1. Calculate weighted average cost per unit.

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

Reference no: EM132802194

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