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Current Attempt in Progress
Wildhorse Company uses a periodic inventory system. For April, when the company sold 570 units, the following information is
available.
Units
Unit Cost
$28
April 1 inventory
April 15 purchase
April 23 purchase
250
350
400
1,000
34
36
Total Cost
$7,000
11,900
14,400
$33,300
Compute the April 30 inventory and the April cost of goods sold using the LIFO method.
Ending inventory
$
Cost of goods sold
$
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Respuesta :

Answer:

units

Explanation:

                                                            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