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 April 15 Purchase April 23 Purchase Compute the April 30 inventory Balance utilizing the First In First Out Method. 250 10 $2,500 400 12 4,800 350 13 4,550

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Chapter11: Work Sheet And Adjusting Entries
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Problem 3E: Basga Company uses the periodic inventory system. Beginning inventory amounted to 241,072. A...
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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
April 23 Purchase
400
12
4,800
350
13
4,550
Compute the April 30 inventory Balance utilizing the First In First Out Method.
Transcribed Image Text: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 April 23 Purchase 400 12 4,800 350 13 4,550 Compute the April 30 inventory Balance utilizing the First In First Out Method.
Amsterdam Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available
Unit Cost
Units
Total Cost
April 1 Inventory
April 15 Purchase
April 23 Purchase
Compute the April 30 inventory Balance utilizing the Last in First Out method.
250
10
$2,500
400
12
4,800
350
13
4,550
Transcribed Image Text:Amsterdam Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available Unit Cost Units Total Cost April 1 Inventory April 15 Purchase April 23 Purchase Compute the April 30 inventory Balance utilizing the Last in First Out method. 250 10 $2,500 400 12 4,800 350 13 4,550
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