Grouper Companys record of transactions for the month of April was as follows.

Purchases							Sales
April 1	(balance on hand)		672 at		$6.00		April 3		560 at		$11.00
4			1,680 at		6.08		9		1,568	at	11.00
8			896 at		6.41		11		672 at		12.00
13			1,344 at		6.51		23		1,344	at	12.00
21			784 at		6.61		27		1,008	at	13.00
29			560 at		6.79				5,152
			5,936

Calculate average-cost per unit. (Round answer to 2 decimal places)

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)

Assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) FIFO and (2) LIFO.(Round answer to 0 decimal places)

Compute cost of goods sold assuming periodic inventory procedures and inventory priced at FIFO. (Round answer to 0 decimal places)

In an inflationary period, which inventory method-FIFO, LIFO, average-cost-will show the highest net income?