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Nash Company's record of transactions for the month of April was as follows. April 3 9 11 8 Purchases April 1 (balance on hand) 360
Nash Company's record of transactions for the month of April was as follows. April 3 9 11 8 Purchases April 1 (balance on hand) 360 @ $6.00 4 900 @ 6.08 480 @ 6.40 13 720 @ 6.50 21 420 @ 6.60 29 300 @ 6.79 3,180 Sales 300 @ $10.00 840 @ 10.00 360 @ 11.00 720 @ 11.00 540 @ 12.00 2.760 23 27 Assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) FIFO and (2) LIFO. (Round answer to 0 decimal places, eg. 2,760.) (1) FIFO (2) LIFO Inventory $ 2829 $
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