Pina Company uses a periodic inventory system. For April, when the company sold 420 units, the following information is available.
Units Unit Cost Total Cost
April 1 inventory 240 $13 $ 3,120
April 15 purchase 440 16 7,040
April 23 purchase 320 17 5,440
1,000 $15,600
Compute the April 30 inventory and the April cost of goods sold using the LIFO method.
Ending inventory $
Cost of goods sold
Marigold Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is available.
Units Unit Cost Total Cost
April 1 inventory 260 $15 $ 3,900
April 15 purchase 430 18 7,740
April 23 purchase 310 20 6,200
1,000 $17,840
Compute the April 30 inventory and the April cost of goods sold using the FIFO method.
Ending inventory $
Cost of goods sold $
Carla Company uses a periodic inventory system. For April, when the company sold 420 units, the following information is available.
Units Unit Cost Total Cost
April 1 inventory 240 $13 $ 3,120
April 15 purchase 440 16 7,040
April 23 purchase 320 17 5,440
1,000 $15,600
Calculate weighted average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.)
Weighted average cost per unit