*Problem 8-4 Concord Company's record of transactions conceming part X for the month of April was as follows. Purchases Sales April 1 (balance on hand) 400$7.10 700 7.24 600 7.53 5007.60 9007.95 5008.24 April 5 600 12 500 27 1,400 28 150 26 30 Calculate average-cost per unit. Assurme that perpetual inventory records are kept in units only. (Round answer to 2 decimal places, e.g. 2.76.) Average-cost per unit s Compute the inventory at April 30 on each of the following bases. Assume that perpetual inventory records are kept in units anly. (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.) 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