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Coronado Company's record of transactions concerning part X for the month of April was as follows. April Purchases 1 (balance on hand) 4 April 310
Coronado Company's record of transactions concerning part X for the month of April was as follows. April Purchases 1 (balance on hand) 4 April 310 @ $6.20 610 @ 6.30 510 @ 6.60 410 @ 6.60 810 @ 6.90 410 @ 7.20 Sales 5 510 12 410 27 1,220 28 150 11 18 26 30 Your answer is correct. Calculate average-cost per unit. Assume that perpetual inventory records are kept in units only. (Round answer to 4 decimal places, e.g. 2.7682.) Average-cost per unit $16.6595 Your answer is partially correct. Try again. 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. to O decimal places, e.g. 6,548.) (1) (2) (3) FIFO LIFO Average-cost Ending Inventory 575436 ||5189 5363 Your answer is correct. 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? per unit to 4 decimal places, e.g. 2.7621 and final answers to 0 decimal places, e.g. 6,548.) (1) (2) (3) FIFO LIFO Average-cost Ending Inventory $15436 $15189 $15363
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