Monty Companys record of transactions concerning part X for the month of April was as follows.

Purchases									Sales
April	1		(balance on hand)		112	@	$5.00		April	5		288
	4				400	@	4.80			12		206
	11				288	@	5.20			27		824
	18				206	@	5.25			28		140
	26				600	@	5.50
	30				184	@	5.80

Calculate the inventory at April 30 on each of the following bases. Assume that perpetual inventory records are kept in units only. (Round average cost per unit to 4 decimal places, e.g. 0.1546 and final answers to 2 decimal places, e.g. 52.75.)

1.		First-in, first-out (FIFO)		$
2.		Average cost		$

If the perpetual inventory record is kept in dollars, and costs are calculated at the time of each withdrawal, what amount would be shown as ending inventory in (1) FIFO and (2) Average cost. (Round Unit cost to 4 decimal places, e.g. 0.5275 and final answers to 2 decimal places, e.g. 52.75)

1.		First-in, first-out (FIFO)		$
2.		Average cost		$