Problem 8-5 Some of the information found on a detail inventory card for Waterway Inc. for the first month of operations is as follows Received Issued No. of Units Balance Date No. of Units Unit Cost No. of Units 1,600 500 1,500 600 1,300 200 1,900 700 2,700 1,000 January2 1,600 $4.65 1,100 4.96 10 13 18 20 23 26 28 31 1,000 900 700 1,100 1,400 5.12 1,700 5.27 1,200 2,000 5.43 1,700 Calculate average-cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Average-cost per unit 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 0 decimal places, e.g. 6,548.) FIFO LIFO Average-cost Ending Inventory