Question: Incorrect answer icon Your answer is incorrect. Marigold Company uses a periodic inventory system. For April, when the company sold 550 units, the following information
Incorrect answer icon
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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 | 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 | $enter a dollar amount | |
|---|---|---|
| Cost of goods sold | $enter a dollar amount |
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