Exercise 8-11 Bonita Company's record of transactions for the month of April was as follows. Purchases Sales April 1 (balance on hand) 696@$5.00 1,740 5.09 928 5.41 1,3925.51 812 5.71 580 5.89 April 3 580$10.00 9 1,624 10.00 11 696 11.00 23 1,39211.00 27 1,04412.00 13 21 29 5,336 6,148 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 0 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.) FIFO LIFO 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 In an inflationary period, which inventory method-FIFO, LIFO, average-cost-will show the highest net income? inventory method will show the highest net income Click if you would like to Show Work for this question: Open Show Work