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Concord Company's record of transactions concerning part X for the month of April was as follows. Purchases Sales April 1 (balance on hand) 240 April
Concord Company's record of transactions concerning part X for the month of April was as follows. Purchases Sales April 1 (balance on hand) 240 April 5 440 $5.50 5.60 4 540 a 12 340 11 440 a 5.80 27 1,080 18 340 @ 5.90 28 150 26 740 @ 6.20 30 340 @ 6.40 (b) 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, e.g. 2.7621 and final answers to O decimal places, e.g. 6,548.) (1) FIFO (2) LIFO (3) Average-cost Ending Inventory 1 ta
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