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Novak Company's record of transactions for the month of April was as follows. Sales Purchases April 1 (balance on hand) 4 April 3 @ $6.00
Novak Company's record of transactions for the month of April was as follows. Sales Purchases April 1 (balance on hand) 4 April 3 @ $6.00 6.08 @ 9 @ $10.00 10.00 11.00 8 6.40 11 1,450 4,060 1,740 3,480 2,610 1,740 4,350 2,320 3,480 2,030 1,450 @ 13 6.50 23 11.00 21 @ 6.60 27 @ 12.00 29 @ 6.79 13,340 15,370 Your answer is partially correct. Assuming that periodic inventory records are kept in units only, compute the inventory at April 30 using LIFO and average-cost. (Round answer to O decimal places, e.g. 2,760.) LIFO $ 13349 Average-cost $ 12890.5
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