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Bramble Companys record of transactions concerning part X for the month of April was as follows. Purchases Sales April 1 (balance on hand) 330 @
Bramble Companys record of transactions concerning part X for the month of April was as follows.
Purchases | Sales | ||||||||
April 1 | (balance on hand) | 330 | @ | $6.40 | April 5 | 530 | |||
4 | 630 | @ | 6.50 | 12 | 430 | ||||
11 | 530 | @ | 6.80 | 27 | 1,260 | ||||
18 | 430 | @ | 6.80 | 28 | 150 | ||||
26 | 830 | @ | 7.20 | ||||||
30 | 430 | @ | 7.40 |
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.)
Bramble Company's record of transactions concerning part X for the month of April was as follows. Purchases April 1 (balance on hand) 4 @ 430 Sales April 5 530 12 27 1,260 28 150 11 330 630 530 430 830 430 @ $6.40 6.50 6.80 6.80 7.20 7.40 @ 18 26 30 @ @ (a1) Your answer is correct. Calculate average-cost per unit. Assume that perpetual inventory records are kept in units only. (Round answer to 4 decimal places, eg. 2.7682.) Average-cost per unit $ 6.8846 e Textbook and Media Attempts: 2 of 5 used Question Part Score 1.95/1.95 (a2) 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 decimal places, e.g. 6,548.) (1) FIFO (2) LIFO (3) Average-cost Ending Inventory $ $ eTextbook and MediaStep by Step Solution
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