Assuming that periodic inventory records are kept in units only, compute the inventory at April 30 using LIFO and average-cost. (Round answer to 0 decimal places)

Assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) FIFO and (2) LIFO.(Round answer to 0 decimal places)

Compute cost of goods sold assuming periodic inventory procedures and inventory priced at FIFO. (Round answer to 0 decimal places)

In an inflationary period, which inventory method-FIFO, LIFO, average-cost-will show the highest net income?

Blue Company's record of transactions for the month of April was as follows. Purchases Sales April 1 (balance on hand) 1,560 @ $6.00 April 3 1,300 @ $10.00 4 3,900 @ 6.08 9 3,640 @ 10.00 8 2,080 @ 6.40 11 1,560 @ 11.00 13 3,120 @ 6.50 23 3,120 @ 11.00 21 1,820 @ 6.60 27 2,340 @ 12.00 29 1,300 6) 6.79 11,960 13,780 (a1) Your answer is correct. Assuming that periodic inventory records are kept in units only, calculate the average-cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Average-cost per unit $ 6.35 per unit Attempts: 1 of 9 used