Question - Tamarisk 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
|
Compute the April 30 inventory and the April cost of goods sold using the LIFO method.