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John Adams Company's record of transactions for the month of April was as follows. Assuming that period inventory records are kept in units only, calculate
John Adams Company's record of transactions for the month of April was as follows. Assuming that period inventory records are kept in units only, calculate average-cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Average cost per unit $ 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 $ Assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) FIFO and (2) LIFO. (Round answer to 0 decimal places, e.g. 2, 760.) Compute cost of goods sold assuming periodic inventory procedures and inventory priced at FIFO. (Round answer to o decimal places, e.g. 2, 760.) Cost of goods sold $ In an inflationary period, which inventory method-FIFO, LIFO, average-cost-will show the highest net income? inventory method will show the highest net income
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