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got the lifo wrong need help as shown below Blossom Company's record of transactions for the month of April was as follows. Purchases April 1
got the lifo wrong need help as shown below
Blossom Company's record of transactions for the month of April was as follows. Purchases April 1 (balance on hand) 1,620 @ $6.00 4,050 @ 6.08 2,160 @ 6.40 3,240 @ 6.50 1,890 @ 6.60 1,350 @ 6.79 14,310 Sales April 3 1,350 @ $10.00 9 3,780 @ 10.00 11 1,620 @ 11.00 23 3,240 @ 11.00 27 2,430 @ 12.00 12,420 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 SHOW SOLUTION LINK TO TEXT Your answer is correct. 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 11362 Average-cost T 1 2002 Average-cost per unit 6.35 per unit SHOW SOLUTION LINK TO TEXT Your answer is correct. 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 11362 Average-cost T 1 2002 SHOW SOLUTION 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.) (1) FIFO (2) LIFO Inventory 12731 15884.10Step by Step Solution
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