Acc422 Intermediate Accounting:  BE8-5 Amsterdam Company uses a periodic inventory system

Acc422 Intermediate Accounting: BE8-5 Amsterdam Company uses a periodic inventory system

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Acc422 Intermediate Accounting

BE8-5
Amsterdam Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available.
Units Unit Cost Total Cost
April 1 inventory 250 10 2,500
April 15 purchase 400 12 4,800
April 23 purchase 350 13 4,550
1,000 11,850

Compute the April 30 inventory and the April cost of goods sold using the average cost method.
Acc422 Intermediate Accounting: BE8-5 Amsterdam Company uses a periodic inventory system
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