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Metlock Company's record of transactions for the month of April was as follows. Purchases Sales April 1 (balance on hand) 840 @ $6.00 April 3
Metlock Company's record of transactions for the month of April was as follows. Purchases Sales April 1 (balance on hand) 840 @ $6.00 April 3 700 @ $10.00 4 2,100 @ 6.10 9 1,960 @ 10.00 8 1,120 @ 6.40 11 840 @ 11.00 13 2222 1,680 @ 6.50 21 980 @ 6.60 23 27 1,680 @ 11.00 1,260 @ 12.00 29 700 6.80 6,440 7,420 (a1) Your answer is correct. Assuming that periodic inventory records are kept in units only, calculate the average-cost per unit. (Round answer to 2 c places, e.g. 2.76.) Average cost per unit 6.36 per unit (a2) Assuming that periodic inventory records are kept in units only, compute the inventory at April 30 using LIFO and average-cos (Round answer to O decimal places, e.g. 2,760.) LIFO Average-cost $ eTextbook and Media Save for Later Attempts: 0 of 5 used Submit
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