Question
John Adams Company's record of transactions for the month of April was as follows. Purchases Sales April 1 (balance on hand) 600 $6 April
John Adams Company's record of transactions for the month of April was as follows. Purchases Sales April 1 (balance on hand) 600 $6 April 3 500 @ $10 +22 4 1,500 @6.08 9 1.400 @ 10 8 800 @ 6.4 11 600 @ 11 13 1,200 @ 6.5 23 1,200 @ 11 21 700 @ 6.6 27 900 @ 12 29 500 @ 6.79 4,600 5,300 (a1) Your answer is incorrect. 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 $ eTextbook and Media Save for Later (a2) Your answer is partially correct. 4753 per unit Attempts: unlimited Submit Answer 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 4753 Average-cost $ 4445 John Adams Company's record of transactions for the month of April was as follows. Purchases Sales April 1 (balance on hand) 600 $6 April 3 500 @ $10 +22 4 1,500 @6.08 9 1.400 @ 10 8 800 @ 6.4 11 600 @ 11 13 1,200 @ 6.5 23 1,200 @ 11 21 700 @ 6.6 27 900 @ 12 29 500 @ 6.79 4,600 5,300 (a1) Your answer is incorrect. 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 $ eTextbook and Media Save for Later (a2) Your answer is partially correct. 4753 per unit Attempts: unlimited Submit Answer 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 4753 Average-cost $ 4445
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