* Your answer is incorrect. Try again. Sandhill Company uses a periodic inventory system. For April, when the company sold 470 units, the following information is available. Units Unit Cost Total Cost 290 $18 April 1 inventory April 15 purchase April 23 purchase 400 22 $ 5,220 8,800 7,130 310 23 1,000 $21,150 Compute the April 30 inventory and the April cost of goods sold using the FIFO method. Ending inventory 10,500 Cost of goods sold Click if you would like to Show Work for this question: Open Show Work Brief Exercise 8-9 x Your answer is incorrect. Try again. Sunland, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years follow. Year Ended December 31 Inventory at Current-Year Cost Price Index 2016 100 2017 $18,100 20,412 24,069 108 2018 113 Compute the value of the 2017 and 2018 inventories using the dollar-value LIFO method. 2017 2018 Inventory under LIFO 18956 Click if you would like to Show Work for this question: Open Show Work