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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
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
Coronado Company's record of transactions concerning part X for the month of April was as follows. Purchases Sales April 1 (balance on hand 420 0 $7.30 April 5 6200 12 520 720 7.45 27 1,440 620 7.74 11 520 7.81 28 50 920 8.18 26 30 520 8.47 (al) (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. decimal places, e.g. $6,548.) (1) (2) Average cost Ending Inventory
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