Chapter 8 Homework - P4 Question 1 of 1 - / 10 View Policies Current Attempt in Progress Splish Company's record of transactions concerning part X for the month of April was as follows. Purchases April 1 (balance on hand) 4 11 18 26 30 430 @ 730 630 @ 530 @ 930 @ 530 @ $7.40 7.50 7.80 7.90 8.30 8.60 Sales April 5 630 12 530 27 1,460 28 150 Calculate average-cost per unit. Assume that perpetual intentory records are kept in units only. (Round answer to 4 decimal places, eg. 2.7682.) Average-cost per unit $ 7.9458 e Textbook and Media 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) (2) (3) Question 1 of 1 - / 10 iji 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, eg. 6,548.) (1) FIFO (2) LIFO (3) Average-cost Ending Inventory $ 8542 $ $ e Textbook and Media 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, es. 2.7621 and final answers to O decimal places, e.g. 6,548.) (1) FIFO (2) LIFO (3) Average-cost Ending Inventory $ 8542 8115 $ 8025 e Textbook and Media Save for Later Last saved 18 hours ago Attempts: 0 of 3 used Submit