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Martinez Corp. had 1,800 units of part T on hand April 1, 2017, costing $8 each. During April, Martinez made the following purchases of part
Martinez Corp. had 1,800 units of part T on hand April 1, 2017, costing $8 each. During April, Martinez made the following purchases of part T. Unit Cost $8.25 April 4 10 Units 3,200 4,200 1,200 2,900 8.40 19 9 29 9.90 A physical count at April 30, 2017 showed 4,400 units of Part T on hand. Using the FIFO method, what is the cost of part T inventory at April 30, 2017? Using the LIFO method, what is the inventory cost? Using the average-cost method, what is the inventory cost? (Round average cost per unit to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 1,620.) FIFO LIFO Average Cost Inventory Cost 40965 36300 39930
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