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 April 1 (balance on hand) 420 @ $7.30 4 720 @ 7.45 620 @ 7.74 11 18 520 @ 7.81 26 920 @ 8.18 30 520 @ 8.47 (al) Ending Inventory s Sales (1) FIFO April 5 12 27 28 (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.) 620 520 1,440 150 (2) LIFO (3) Average-cost