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Blue Company's record of transactions concerning part X for the month of April was as follows. Sales Purchases April 1 (balance on hand) 4 220
Blue Company's record of transactions concerning part X for the month of April was as follows. Sales Purchases April 1 (balance on hand) 4 220 a $5.30 April 5 420 520 a 5.41 12 320 11 420 a 5.62 27 1,040 18 320 @ 5.67 28 150 26 720 a 5.94 30 320 (a 6.15 Part 2 Your answer is incorrect. Compute the inventory at April 30 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 O decimal places, e.g. $6,548.) (1) (2) LIFO (3) Average-cost FIFO Ending Inventory $ $ $ eTextbook and Media Save for Later Attempts: 1 of 15 used Submit Answer Part 3 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, e.g. 2.7621 and final answers to O decimal places, e.g. 6,548.) (1) (2) (3) Average-cost FIFO LIFO A+ Ending Inventory e Textbook and Media Save for Later Attempts: 0 of 15 used Submit
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