Exercise 8-11 Marigold Company's record of transactions for the month of April was as follows. Purchases April 1 (balance on hand) 480 @ $6.00 1,200 @ 6.08 640 @ 6.40 960 @ 6.50 560 @ 6.60 400 @ 6.79 4,240 o Pca Sales April 3 400 @ $10.00 9 1,120 @ 10.00 11 480 @ 11.00 23 960 @ 11.00 27 720 @ 12.00 3,680 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.) (1) FIFO (2) 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 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