Question
Exercise 8-11 (Part Level Submission) Ayayai Companys record of transactions for the month of April was as follows. Purchases Sales April 1 (balance on hand)
Exercise 8-11 (Part Level Submission) Ayayai Companys record of transactions for the month of April was as follows. Purchases Sales April 1 (balance on hand) 642 @ $6.00 April 3 535 @ $10.00 4 1,605 @ 6.08 9 1,498 @ 10.00 8 856 @ 6.41 11 642 @ 11.00 13 1,284 @ 6.61 23 1,284 @ 11.00 21 749 @ 6.81 27 963 @ 12.00 29 535 @ 6.98 4,922 5,671 Collapse question part (a1) Correct answer. 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.)
A.) Average-cost per unit: 6.42 per unit
B.) 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:
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