Problem 8-05 Some of the information found on a detail inventory card for Slatkin Inc. for the first month of operations is as follows. Received No. of Units 1,200 Date Issued, No. of Units Unit Cost $3 January 2 7 700 600 3.2 1,000 Balance, No. of Units 1,200 500 1,100 600 1,300 200 1,500 700 2,300 1,000 500 300 1,100 3.3 10 13 18 20 23 26 28 31 1,300 3.4 800 1,600 3.5 1,300 x Your answer is incorrect. Try again. Calculate average-cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Average-cost per unit x Your answer is incorrect. Try again. From these data compute the ending inventory 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 LINK TO TEXT Your answer is partially 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 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 Would amount be same Yes Ending Inventory (No