Indigo Company uses a periodic inventory system. For April, when the c


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Indigo 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 250 $14 $ 3,500 April 15 purchase 420 17 7,140 April 23 purchas

Sale price $15.00 Regular price $30.00

Indigo 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
250
$14

$ 3,500
April 15 purchase
420
17

7,140
April 23 purchase
330

18

5,940

1,000

$16,580

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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