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Novak Company's record of transactions concerning part X for the month of April was as follows: Purchases April 1 (balance on hand) 4 11 18
Novak Company's record of transactions concerning part X for the month of April was as follows: Purchases April 1 (balance on hand) 4 11 18 26 30 640 540 440 740 640 540 940 540 Sales April 5 12 27 28 $7.50 7.70 8.00 8.00 8.40 8.70 @ @ 1,480 150 e (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) (21 Last-in first-out (LIFO) (3) Average cost. (Round final answers to decimal places, eg. 6,548) (1) FIFO (2) LIFO (3) Average cost Ending Inventory $
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