Purchases

April 1(balance on h..;@$7.00

April 4 6..;@7.14

April 11 5..;@7.42

April 18 4..;@7.49

April 26 8..;@7.84

April 30 4..;@8.12

Sales

April 5 590

April 12 490

April 27 1,380

April 28 150

Calculate average-cost per unit. Assume that perpetual inventory records are kept in units only.(Round answer to 2 decimal places, e.g. 2.76.)

Average-cost per unit $_______________________

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 0 decimal places, e.g. $6,548.)

(1)FIFOEnding Inventory $____________________

(2) LIFOEnding Inventory $___________________

(3)Average-costEnding 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.)

(1)FIFOEnding Inventory $____________________

(2) LIFOEnding Inventory $___________________

(3)Average-costEnding Inventory $______________