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Blue Company's record of transactions concerning part X for the month of April was as follows. Purchases April 1 (balance on hand) @ 410 710
Blue Company's record of transactions concerning part X for the month of April was as follows. Purchases April 1 (balance on hand) @ 410 710 610 $7.20 7.30 Sales April 5 12 4 @ 11 610 @ 7.60 27 510 1,420 150 18 510 @ 7.70 28 26 910 a 8.10 30 510 @ 8.40 X 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 0 decimal places, e.g. 6,548.) (1) FIFO (2) LIFO (3) Average-cost Ending Inventory $ $ $ e Textbook and Media X Your answer is incorrect. 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) FIFO (2) LIFO (3) Average-cost Ending Inventory $ $ $ S
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