Amsterdam 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
|
250
|
$10
|
$2,500
|
|
April 15 purchase
|
400
|
12
|
4,800
|
|
April 23 purchase
|
350
|
13
|
4,550
|
| |
1,000
|
|
$11,850
|
Compute the April 30 inventory and the April cost of goods sold using the average cost method.