Problem 8-04 Coronado Company's record of transactions concerning part X for the month of April was as follows. April April Purchases 1 (balance on hand) 4 11 18 26 30 310 @ $6.20 610 @ 6.30 510 @ 6.60 410 @ 6.60 810 @ 6.90 7.20 Sales 5 510 12 410 27 1,220 28 150 410 @ 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. (Round final answers to o decimal places, e.g. 6,548.) (1) FIFO (2) LIFO (3) Average-cost x Ending Inventory 5,436 5,189 5,363 Your answer is correct. are computed at the time of each withdrawal, amount would inventory under (1) FIFO, (2) Average-cc (Round average per unit to 4 decimal If the perpetual inventory recor in dollars, and and final answers to o decimal places, e.g. 6,548.) aces, e.g. (1) FIFO (2) LIFO (3) Average-cost Ending Inventory 5,436 5,189 5,363