PRINTER VERSION BACK estion 3 yser Company's record of transactions for the month of April was as follows. Purchases Sales April 3 poli (balance on hand) 600 @ $6.00 1,500 6.08 8 800 @ 6.40 13 1,200 6.50 21 700 6.60 29 500 6.79 5,300 500 0 $10.00 9 1,300 10.00 11 600 11.00 23 1,200 11.00 27 9000 12.00 4,500 Assuming that periodic inventory records are kept, compute the inventory at April 30 using (1) LIFO and (2) average-cost. (Round average cost per unit to 2 decimal places, c.9. 2.10 and Round final answer to o decimal places, e.g. 2,510.) LSFO Average-cost Assuming that perpetual inventory records are kept in both units and dollars, determine the inventory at April 30 using (1) FIFO and (2) LIFO. FIFO LIFO Compute cost of goods sold assuming periodic Inventory procedures and inventory priced at FIFO. Cost of goods sold any In an inflationary period, which Inventory method FIFO, LIFO, or average cost will show the highest net Income? Inventory method will show the highest net income