Kingbird Company uses a periodic inventory system. For April, when the company sold 600 units, the...

Transcribed Image Text:

Kingbird Company uses a periodic inventory system. For April, when the company sold 600 units, the following information i available. Units Unit Cost Total Cost April 1 inventory 280 $31 $8,680 April 15 purchase 450 37 16,650 April 23 purchase 270 40 40 1,000 10,800 $36,130 (a1) Your answer is correct. Calculate weighted-average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Weighted-average cost per unit 36.13 SUPPORT Compute the April 30 inventory and the April cost of goods sold using the average-cost method. Ending inventory SA Cost of goods sold $ Kingbird Company uses a periodic inventory system. For April, when the company sold 600 units, the following information i available. Units Unit Cost Total Cost April 1 inventory 280 $31 $8,680 April 15 purchase 450 37 16,650 April 23 purchase 270 40 40 1,000 10,800 $36,130 (a1) Your answer is correct. Calculate weighted-average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Weighted-average cost per unit 36.13 SUPPORT Compute the April 30 inventory and the April cost of goods sold using the average-cost method. Ending inventory SA Cost of goods sold $