(Compute FIFO, LIFO, and Average Cost) Hull Companys record of transactions concerning part X for the month of April was as follows. Purchases Sales Quantity: Unit Cost: Quantity: Apr 1 (Balance on hand) 200 $5.00 Apr 5 600 Apr 4 800 5.10 Apr 12 400 Apr 11 600 5.30 Apr 27 1,600 Apr 18 400 5.35 Apr 28 300 Apr 26 1,200 5.60 Apr 30 400 5.80 Instructions: Compute the inventory at April 30 on each of the following bases. Assume that perpetual inventory records are kept in units only. Carry unit costs to the nearest cent. Purchases Sales Dates and Units Unit Cost Dates and Units April 1 (balance on hand) Quantity Amount Apr 5 Quantity Apr 4 Quantity Amount Apr 12 Quantity Apr 11 Quantity Amount Apr 27 Quantity Apr 18 Quantity Amount Apr 28 Quantity Apr 26 Quantity Amount Total units Formula Apr 30 Quantity Amount Total units Formula Total units sold Quantity Total units (ending inventory) Formula (1) First-in, First-out, (FIFO). (Assuming costs are not computed for each withdrawal - Perpetual.) Date of Invoice No. Units Unit Cost Total Cost Apr 30 Quantity Amount Formula Apr 26 Quantity Amount Formula Value of ending inventory, FIFO, Periodic valuation: Formula (2) Last-in, First-out, (LIFO). (Assuming costs are not computed for each withdrawal - Perpetual.) Date of Invoice No. Units Unit Cost Total Cost Apr 1 Quantity Amount Formula Apr 4 Quantity Amount Formula Value of ending inventory, LIFO, Periodic valuation: Formula (3) Average cost. Date of Invoice No. Units Unit Cost Total Cost Apr 1 Quantity Amount Formula Apr 4 Quantity Amount Formula Apr 11 Quantity Amount Formula Apr 18 Quantity Amount Formula Apr 26 Quantity Amount Formula Apr 30 Quantity Amount Formula Total Available Formula Formula Average cost per unit: Amount Units in ending inventory: Quantity Ending valuation of inventory, average cost method Formula