Problem 8-4 Cheyenne Company's record of transactions concerning part X for the month of April was as follows. Sales April 1 (balance on hand) 420 e $7.30 720 7.45 620 7.74 520 e7.81 920 8.18 520 8.47 April 5 620 12 520 27 1.440 28 150 18 26 30 Calculate verage-cost per unit. Assume that perpetual inventory records are kept in units only. (Round answer to 2 decimal places, c.g. 2.76.) Average-cost per units Compute the inventory at April 30 on each of the following bases. Asume 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. $6,548.) FIFO LIFO Average cost Ending Inventory If the perpetual inventory record is kept in dollars, and costs are computed at the time of each withdrawal, what amount would be shown as ending inventory under (1) FIFO, (2) LIFO and (3) Average-cost? (Round average cost per unit to 4 decimal places, e.g. 2.7621 and final answers to 0 decimal places, e.g. 6,548.) FIFO LIFO Average-cost Ending Inventory$ Question Attempts: O of 7 used