Concord 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

Calculate weighted average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.)

Weighted average cost per unit

$enter weighted average cost per unit in dollars rounded to 2 decimal places

Compute the April 30 inventory and the April cost of goods sold using the average-cost method. (Round answers to 0 decimal places, e.g. 2,760.)

Ending inventory		$enter the ending inventory in dollars rounded to 0 decimal places
Cost of goods sold		$enter the cost of goods sold in dollars rounded to 0 decimal places

Answer rating: 100% (QA)

units unit cost total cost April 1 inventory 260 15 3900 April 15 purchase 430 18 7740 Apri... View the full answer