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Novak Companys record of transactions concerning part X for the month of April was as follows. A1 Purchases Sales April 1 (balance on hand) 440

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

A1

Purchases

Sales

April 1 (balance on hand) 440 @ $7.50 April 5 640
4 740 @ 7.70 12 540
11 640 @ 8.00 27 1,480
18 540 @ 8.00 28 150
26 940 @ 8.40
30 540 @ 8.70

A2

Compute the inventory at April 30 on each of the following bases. Assume that perpetual inventory records are kept in units only. (1) First-in, first-out (FIFO). (2) Last-in, first-out (LIFO). (3) Average-cost. (Round final answers to 0 decimal places, e.g. 6,548.)

(1) FIFO

(2) LIFO

(3) Average-cost

Ending Inventory

$

$

$

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