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Problem 8-4 Blossom Company's record of transactions concerning part X for the month of April was as follows. Purchases Sales April 1 (balance on hand)
Problem 8-4 Blossom Company's record of transactions concerning part X for the month of April was as follows. Purchases Sales April 1 (balance on hand) 280 $5.90 April 5 480 580 6.02 12 380 480 6.25 11 27 1,160 18 380 6.31 28 150 780 6.61 26 30 380 6.84 Calculate average-cost per unit. Assume that perpetual inventory records are kept in units only. (Round answer to 2 decimal places, e.g. 2.76.) Average cost per unit LINK TO TEXT 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
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