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

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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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