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Waterway Company uses a periodic inventory system. For April, when the company sold 450 units,...

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Accounting

Waterway Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is available.

Units

Unit Cost

Total Cost

April 1 inventory

 260 $29 $ 7,540

April 15 purchase

 360 35 12,600

April 23 purchase

380

 38

14,440

1,000

$34,580

Compute the April 30 inventory and the April cost of goods sold using the FIFO method.

Ending inventory

$enter a dollar amount

Cost of goods sold

$enter a dollar amount

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