Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please help me with the two answers in Red. Rounded to 0 decimal places. Problem 8-04 Bonita Company's record of transactions concerning part X for
Please help me with the two answers in Red. Rounded to 0 decimal places.
Problem 8-04 Bonita Company's record of transactions concerning part X for the month of April was as follows. Purchases April 1 (balance on hand) Sales April 5 480 380 27 1,160 28 150 12 280 @ $5.90 580 @ 6.00 480 @ 6.30 380 @ 6.30 780 @ 6.60 380 @ 6.80 5 Your answer is correct. Calculate average-cost per unit. Assume that perpetual inventory records are kept in units only. (Round answer to 4 decimal places, e.g. 2.7682.) Average-cost per unit - 6.3479 LINK TO TEXT Your answer is partially correct. Try again. 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. (3) FIFO ITFO Average-cost Ending Inventory 4536.00 4,507 LINK TO TEXT Your answer is partially correct. Try again. If the perpetual inventory record is kept in dollars, and costs are computed at the time of each withdrawal, what amount would be shown as ending inventory under (1) FIFO, (2) LIFO and (3) Average-cost (1) FIFO (2) LIFO (3) Average-cost Average-cost lepo 4 Ending Inventory Ending Inventory $4,762.00 2 $4,762.00 4536.00 536.00 4,507 Problem 8-04 Bonita Company's record of transactions concerning part X for the month of April was as follows. Purchases April 1 (balance on hand) Sales April 5 480 380 27 1,160 28 150 12 280 @ $5.90 580 @ 6.00 480 @ 6.30 380 @ 6.30 780 @ 6.60 380 @ 6.80 5 Your answer is correct. Calculate average-cost per unit. Assume that perpetual inventory records are kept in units only. (Round answer to 4 decimal places, e.g. 2.7682.) Average-cost per unit - 6.3479 LINK TO TEXT Your answer is partially correct. Try again. 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. (3) FIFO ITFO Average-cost Ending Inventory 4536.00 4,507 LINK TO TEXT Your answer is partially correct. Try again. If the perpetual inventory record is kept in dollars, and costs are computed at the time of each withdrawal, what amount would be shown as ending inventory under (1) FIFO, (2) LIFO and (3) Average-cost (1) FIFO (2) LIFO (3) Average-cost Average-cost lepo 4 Ending Inventory Ending Inventory $4,762.00 2 $4,762.00 4536.00 536.00 4,507Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started