(Answered) Brief exercise 8-6novak company uses a periodic inventory

Accounting

Brief Exercise 8-6
Novak Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is available.

	Units	Unit Cost	Total Cost
April 1 inventory	300	$19	mce_markernbsp;5,700
April 15 purchase	410	23	9,430
April 23 purchase	290	25	7,250
	1,000		$22,380

Compute the April 30 inventory and the April cost of goods sold using the LIFO method.

Ending inventory

Cost of goods sold

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