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Some of the information found on a detail inventory card for Splish Inc. for the first month of operations is as follows. Received Issued, No. of Units Date January 2 7 No. of Units 1,600 Unit Cost $5.10 Balance, No. of Units 1,600 500 1,500 1,100 10 1,000 5.44 13 600 18 1,400 5.61 900 700 1,100 20 23 1,700 5.78 26 1,300 200 1.900 700 2.700 1,000 1,200 28 2,000 5.95 31 1,700 X Your answer is incorrect * Your answer is incorrect. Calculate average cost per unit. (Round answer to 2 decimal places, eg. 2.76.) Average cost per unit $ 43180 e Textbook and Media - Your answer is partially correct. From these data compute the ending inventory on each of the following bases. Assume that perpetual inventory records are kept in units only. (1) First-in, first-out (FIFO). (2) Last-in, first-out (LIFO). (3) Average-cost. (Round final answers to decimal places, eg. 6,548.) (1) FIFO (2) LIFO (3) Average-cost (1) FIFO (2) LIFO (3) Average-cost Ending Inventory 5950 $ GA 5100 $ 7700 e Textbook and Media Your answer is partially correct. if the perpetual inventory record is kept in dollars, and costs are computed at the time of each withdrawal, would the amounts shown as ending inventory in (1).(2), and (3) above be the same? What amount would be shown as ending inventory? (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 Would amount be same Yes No NO If the perpetual inventory record is kept in dollars, and costs are computed at the time of each withdrawal, would the amounts shown as ending inventory in (1), (2), and (3) above be the same? What amount would be shown as ending inventory? (Round average cost per unit to 4 decimal places, eg. 2.7621 and final answers to decimal places, eg. 6,548.) (2) FIFO LIFO (3) Average-cost Would amount be same Yes No No Ending Inventory 5950 5100 $ 5610