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*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) 280
*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) 280 @ $5.90 580 @ 6.00 480 @ 6.30 380 @ 6.30 780 @ 6.60 380 @ 6.80 Sales April 5 480 12 380 27 1,160 28 150 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 units 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 o decimal places, e.g. 6,548.) (1) (2) (3) FIFO LIFO Average-cost Ending Inventory s 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? (Round average cost per unit to 4 decimal places, e.g. 2.7621 and final answers to o decimal places, e.g. 6,548.) (1) (2) (3) FIFO LIFO Average-cost Ending Inventory s
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