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1- Windsor Companys record of transactions concerning part X for the month of April was as follows. 2- Presented below is information related to Blowfish
1- Windsor Companys record of transactions concerning part X for the month of April was as follows.
2- Presented below is information related to Blowfish radios for the Sheffield Company for the month of July.
@ Purchases April 1 (balance on hand) 4 11 18 26 30 270 570 470 @ $5.80 5.90 6.10 6.20 6.50 6.70 Sales April 5 470 12 370 27 1,140 28 150 @ 370 @ 770 @ 370 @ If the perpetual inventory record is kept in dollars, and costs are computed at the time of each withdrawal, what amount would be shown as ending inventory under (1) FIFO, (2) LIFO and (3) Average-cost? (Round average cost per unit to 4 decimal places, eg. 2.7621 and final answers to decimal places, eg. 6,548.) (1) FIFO (2) LIFO (3) Average-cost Ending Inventory $ $ $ $ Units Sold Selling Price Total Units In 170 1,360 Unit Cost $4.40 4.50 Total $ 748 6,120 510 $6.70 7.00 $3,417 3,570 510 Date July 1 6 7 10 12 15 18 22 25 30 680 4.80 3,264 Transaction Balance Purchase Sale Sale Purchase Sale Purchase Sale Purchase Sale Totals 340 7.10 2,414 510 4.90 2,499 680 7.10 4,828 850 4.88 4,148 7.20 340 2,380 2,4 $16,677 3,570 $16,779 Calculate average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Weighted average cost $ e Textbook and Media Attempts: unlimited Submit Answ Save for Later Last saved 1 day ago. Saved work will be auto-submitted on the due date. a2) The parts of this question must be completed in order. This part will be available when you complete the part above. b1) The parts of this question must be completed in order. This part will be available when you complete the part above. (62) The parts of this question must be completed in order. This part will be available when you complete the part aboveStep by Step Solution
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