Exercise 8-11 Coronado Company's record of transactions for the month of April was as follows. Purchases April 1 (balance on hand) 960 @ $6.00 2,400 @ 6.08 1,280 @ 6.40 1,920 @ 6.50 1,120 @ 6.60 800@ 6.79 Sales April 3 800 @$10.00 9 2,240 @ 10.00 11 960 @ 11.00 23 1,920 @ 11.00 27 1,440 @ 12.00 7,360 8.480 Your answer is correct. 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 - 6.35 per unit LINK TO TEXT Your answer is partially correct. Try again. 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, e.g. 2,760.) LIFO 7448 Average-cost T 7112 LINK TO TEXT Your answer is partially correct. Try again. 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.) FIED Inventory 7544 LINK TO TEXT Your answer is correct. Compute cost of goods sold assuming periodic inventory procedures and inventory priced at FIFO. (Round answer to O decimal places, e.g. 2,760.) Cost of goods sold _ 46304 LINK TO TEXT Your answer is correct. In an inflationary period, which inventory method-FIFO, LIFO, average-cost-will show the highest net income? FIFO _ | inventory method will show the highest net income. Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT