Purchases:

April 1 (balance on hand) 290 @ $6.00

April 4 590 @ $6.10

April 11 490 @ $6.40

April 18 390 @ $6.40

April 26 790 @ $6.70

April 30 390 @ $7.00

Sales:

April 5 490

April 12 390

April 27 390

April 28 1180

I calculated the average-cost per unit and it is $6.4605

-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.

-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?