Acc422 Intermediate Accounting:  BE8-6 Data for Amsterdam Company are presented in BE8-5

Acc422 Intermediate Accounting: BE8-6 Data for Amsterdam Company are presented in BE8-5

Acc422 Intermediate Accounting

BE8-6
Data for Amsterdam Company are presented in BE8-5.
Compute the April 30 inventory and the April cost of goods sold using the FIFO method.

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
Acc422 Intermediate Accounting: BE8-6 Data for Amsterdam Company are presented in BE8-5
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