Question: Data for Amsterdam Company are presented in BE8-5. Compute the April 30 inventory and the April cost of goods sold using the FIFO method. Data

Data for Amsterdam Company are presented in BE8-5. Compute the April 30 inventory and the April cost of goods sold using the FIFO method.

Data From BE 8-5:

Amsterdam Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available.

                   Data for Amsterdam Company are presented in BE8-5. Compute the April 30

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

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