A perpetual inventory system is used by Crystal Corporation and separate inventory records are maintained for each type of product in stock. The following transactions show beginning inventory, purchases, and sales for the month of April: April 1 Balance on hand, 20 units, cost 40 each Rs. 800 April 5 Sale, 8 units, price 60 each Rs. 480 April 6 Purchase, 20 units, cost 45 each Rs. 900 April 21 Sale, 10 units, price 60 each Rs. 600 April 30 Sale, 15 units, price 65 each Rs. 975 Instructions: (24) Using perpetual costing procedures, compute the cost of ending inventory during the month under each of the following cost flow assumptions: a) FIFO (First-in, First-out) b) LIFO (Last-in, Last-out) c) Average cost

D. Open with Google Docs Uriod Year 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year 1 33.33% 44.45 14.81 7.41 20.00% 32.00 19.20 11.52 11.52 5.76 14.29% 24.49 17.49 12.49 8.93 8.92 8.93 4.46 10.00% 18.00 14.40 11.52 9.22 7.37 6.55 5.00% 9.50 8.55 7.70 6.93 6.23 5.90 5.90 5.91 5.90 5.91 5.90 5.91 3.750% 7.219 6.677 6.177 5.713 5.285 4.888 4.522 4.462 4.461 4.462 4.461 4.462 4.461 6.55 oca G o o voo AWN 6.56 6.55 3.28 11 12 5.90 5.91 4.462 2.95 4.461 4.462 4.461 4.462 4.461 2.231 21 Page 2 1 2 @ +