Bonita Company's record of transactions for the month of April was as follows. April 1 (balance on hand) 4 8 13 21 Purchases 29 780 1,950 1,040 1,560 @ @ 910 @ 6,890 $5.90 6.00 6.30 6.40 6.50 650 @ 6.70 April 3 9 11 23 27 Sales 650 1,820 @ 780 @ 1,560 1,170 5,980 @ $10.00 10.00 11.00 11.00 12.00

Bonita Company's record of transactions for the month of April was as follows. Assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) FIFO and (2) LIFO