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I need help after costs are computed at time of each withdrawal. Splish Company's record of transactions concerning part X for the month of April
I need help after costs are computed at time of each withdrawal.
Splish Company's record of transactions concerning part X for the month of April was as follows. Sales Purchases April 1 (balance on hand) 4 430 @ 630 730 @ 530 $7.40 7.50 7.80 7.90 April 5 12 27 28 11 1.460 630 530 @ @ 18 150 26 930 8.30 30 530 8.60 If the perpetual inventory record is kept in dollars, and costs are computed at the time of each withdrawal. what amount would be shown as ending inventory under (1) FIFO (2) LIFO and (3) Average cost? (Round average cost per unit to 4 decimal places, eg. 2.7621 and final answers to decimal places, e.g. 6,548.) (1) FIFO 12) LIFO (3) Average-cost Ending Inventory $ $ $Step by Step Solution
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