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Exercise 8-11 Metlock Company's record of transactions for the month of April was as follows. Purchases Sales April 1 (balance on han 714 $6.00 1,785
Exercise 8-11 Metlock Company's record of transactions for the month of April was as follows. Purchases Sales April 1 (balance on han 714 $6.00 1,785 6.09 952 6.41 1,428 6.61 833 6.81 595 7.01 4 8 13 21 29 April 3 595 $11.00 9 1,666 @ 11.00 11 714 12.00 23 1,428 12.00 27 1,071 13.00 5,474 6,307 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 LINK TO TEXT 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 LINK TO TEXT
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