Amsterdam Company uses a periodic inventory system. For April, when the company sold 700 units, the following information is available.
Units Unit Cost Total Cost
April 1 inventory 250 $13 $3,250
April 15 purchase 400 15 6,000
April 23 purchase
35017 5,950 1,000 $15,200
Compute the April 30 inventory and the April cost of goods sold using the average cost method. (Round computations for cost per unit to 2 decimal places, e. g. 10.25 and answers to 0 decimal places, e. g. 2,250.)
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