Problem 8-05 (Part Level Submission) Some of the information found ona detail inventory card for Nash Inc. for the first month of operations is as follows. Received Issued, No. of Units Balance, No. of Units No. of Units Unit Cost Date January 2 $3.12 1,400 1,400 900 7 500 10 800 3.33 1,300 700 13 600 1,200 18 3.43 500 1,300 20 1,100 200 1,500 23 3.54 1,700 26 1,000 700 28 1,800 3.64 2,500 31 1,500 1,000 (a1) Your answer is correct. Calculate average-cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Average-cost per unit 3.43 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER vacy Policy L 2000-2019 Jokn wile ee- (b) Your answer is partialy correct. Try again If the perpetual inventory record is kept in dollars, and costs are computed at the time of each withdrawal, would the amounts shown as ending inventory in (1), (2), and (3) above be the same? What amount would be shown as ending inventory? (Round average cost per unit fo 4 decinal places, eg. 2.7621 and final answers to 0 decimal places, e.g. 6,548.) (1) FIFO (2) LIFO (3) Average cost Would amount be same Yes No No Ending Invertory 3640 3798 Click if you would like to Show Work for this question Open Show Work LINK TO EXL