The following information is taken from the inventory

The following information is taken from the inventory records of the Britain Company: Beginning Inventory, 4/1/2015 7,000 units @ $22.00 Purchases: 4/5 6,000 units @ $22.65 4/26 9,000 units @ $24.00 Sales: 4/11 5,000 units 4/28 8,000 units 9,000 units were on hand at the end of April. (a) Assume that Britain Company uses a periodic inventory system and employs the average cost method, determine cost of goods sold for April and April’s ending inventory. (b) Assume that Britain Company uses a perpetual inventory system and employs the average cost method, determine cost of goods sold for April and April’s ending inventory.

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