b) Assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) FIFO and (2) LIFO. (Round answer to 0 decimal places, e.g. 2,760.)

		(1) FIFO		(2) LIFO
Inventory		$		$

c) Compute cost of goods sold assuming periodic inventory procedures and inventory priced at FIFO. (Round answer to 0 decimal places, e.g. 2,760.)

Cost of goods sold

$

Question 6 of 8 0/3 View Policies Show Attempt History Current Attempt in Progress Metlock Company's record of transactions for the month of April was as follows. April 3 9 11 Purchases April 1 (balance on hand) 840 @ $6.00 4 2,100 @ 6.08 8 1,120 @ 6.40 1,680 @ 6.50 21 980 6.60 29 700 @ 6.79 7,420 Sales 700 @ $10.00 1,960 @ 10.00 840 @ 11.00 1,680 @ 11.00 1.260 @ 12.00 6,440 13 23 27 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, e.g. 2,760.) LIFO $ 47117 Average-cost $ 40673 e Textbook and Media Save for Later Attempts: 1 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above. (d) The parts of this question must be completed in order. This part will be available when you complete the part above