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Question(s) / Instruction(s):

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

Required:

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

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