Problem 8-04 (Part Level Submission) Crane Company's record of transactions concerning part X for the month of April was as follows. Sales April Purchases 1 (balance on hand) 4 April 5 400 12 300 11 27 200 @ $5.10 500 @ 5.20 400 @ 5.40 300 @ 5.50 700 @ 5.70 300 @ 5.90 1,000 150 18 28 26 30 (a1) 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 5.4958 SHOW SOLUTION (a2) 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 0 decimal places, e.g. 6,548.) (1) FIFO (2) LIFO (3) Average-cost Ending Inventory $ Attempts: 0 of 8 used