Current Attempt in Progress Waterway Company's record of transactions for the month of April was as follows. Purchases Sales April 1 (balance on hand) 1,380 @ $6.00 April 3 1,150 $10.00 4 3,450 @ 9 3,220 @ 10.00 8 1,840 @ 6.40 11 1,380 @ 11.00 13 2,760 @ 6.50 23 2,760 @ 11.00 1,610 @ 27 2.070 @ 29 1,150 @ 10,580 (a1) 12,190 * Your answer is incorrect. 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 eTextbook and Media Save for Later per unit Attempts: 1 of 3 used Submit Answer (a2) Assuming that periodic inventory records are kept in units only, compute the inventory at April 30 using LIFO and average-cost. (Round answer to O decimal places, eg. 2.760.) (b) LIFO $ Average-cost eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer Assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) FIFO and (2) LIFO. (Round answer to O decimal places, e.g. 2.760.) (1) FIFO Inventory $ eTextbook and Media Save for Later (2) LIFO Attempts: 0 of 3 used Submit Answer (c) Compute cost of goods sold assuming periodic inventory procedures and inventory priced at FIFO. (Round answer to O decimal places, e.g. 2,760.) (d) Cost of goods sold $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer In an inflationary period, which inventory method-FIFO, LIFO, average-cost-will show the highest net income? eTextbook and Media Save for Later inventory method will show the highest net income. Attempts: 0 of 3 used Submit Answer