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Problem 8-4 Bramble 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 Bramble Company's record of transactions concerning part X for the month of April was as follows Purchases Sales April 1 (balance on hand) 280 $5.90 580 @ 6.02 480 6.25 380 @ 6.31 780 6.61 380 6.84 April 5 480 4 12 380 27 1,160 28 18 26 30 150 Your answer is correct Calculate average-cost per unit. Assume that perpetual inventory records are kept in units only. (Round answer to 2 decimal pla Average-cost per unit 6.36 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.) (2) Average-cost FIFO LIFO Ending Inventory 4780.50 14507.40 710 LINK TO TEXT Your answer is incorrect. Try again. If the perpetual inventory record is kept in dollars, and costs are computed at the time of each withdrawal, what amount would be shown as ending inventory under (1) FIFO, (2) LIFO and (3) Average-cost? (Round average cost per unit to 4 decimal places, e.g. 2.7621 and final answers to O decimal places, e.g. 6,548.) FIFO LIFO Average-cost Ending Inventory 4486.70 13809.70 710 Click if you would like to Show Work for this question: Qpen Show Work
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