Swifty Company uses a periodic inventory system. For April, when the company sold 420 units, the following information is available. Units Unit Cost Total Cost
April 1 inventory 240 $13 $3,120
April 15 purchase 440 16 7,040
April 23 purchase 320 17 5,440
1,000 $15,600
1. Calculate weighted average cost per unit.
2. Compute the April 30 inventory and the April cost of goods sold using the FIFO method.