1. (12 points)LIFO/FIFO/Average Cost John Adams Company's record of transactions for the month of April was as follows: Purchases April 1 (balance on hand) April 6 April 24 April 28 250 @ $86.50 100 @ 75 100 @ 125 50 @ 110 Sales April 11 April 17 April 30 200 85 100 Calculate ending inventory using 1)LIFO 2)FIFO 3)Average Cost. Assume perpetual inventories are maintained, except for average cost where you can assume the periodic inventory method. 2) F. fo 3) Average Cost

John Adams Company's record of transactions for the month of April was as 1. (12 points)LIFO/FIFO/Average Cost follows: Calculate ending inventory using 1)LIFO 2)FIFO 3) Average Cost. Assume perpetual inventories are maintained, except for average cost where you can assume the periodic inventory method