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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

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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)

(1) FIFO

(2) LIFO

(3) Average-cost

Ending Inventory $

$

$

Purchases 1 (balance on hand) April April 390 @ $7.00 690 @ 7.10 590 @ 7.40 490 @ 7.50 890 @ 7.80 490 @ 8.10 Sales 5 590 12 490 27 1,380 28 150

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