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Crane Company's record of transactions for the month of April was as follows. Purchases April 1 (balance on hand) 300 @ $6.00 750 @ 6.08
Crane Company's record of transactions for the month of April was as follows. Purchases April 1 (balance on hand) 300 @ $6.00 750 @ 6.08 400 @ 6.40 600 @ 6.50 350 @ 6.60 250 @ 6.79 2,650 Sales April 3 250 @ $10.00 9 700 @ 10.00 11 300 @ 11.00 23 600 @ 11.00 27 450 @ 12.00 2,300 Assuming that periodic inventory records are kept in units only, calculate the average-cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Average-cost per unit $ per unit Assuming that periodic inventory records are kept in units only, compute the inventory at April 30 using LIFO and average- cost. (Round answer to decimal places, e.g. 2,760.) LIFO Average-cost $ Assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) FIFO and (2) LIFO. (Round answer to 0 decimal places, e.g. 2,760.) (2) (1) FIFO LIFO IFO _ LIFO Inventory $ Compute cost of goods sold assuming periodic inventory procedures and inventory priced at FIFO. (Round answer to 0 decimal places, e.g. 2,760.) Cost of goods sold $
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