Question 23 Tamarisk Company's record of transactions for the month of April was as follows. Purchases April 1 (balance on hand) 1,200 @ $6.00 4 3,000 @ 6.08 8 1,600 @ 6.40 13 2,400 @ 6.50 21 1,400 @ 6.60 29 1,000 @ 6.79 10,600 Sales April 3 1,000 @ $10.00 9 2,800 @10.00 11 1,200 @ 11.00 23 2,400 @ 11.00 27 1,800 @ 12.00 9,200 Assuming that periodic inventory records are kept in units only, calculate the average-cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Average-cost per unit per unit Assuming that periodic inventory records are kept in units only, compute the inventory at April 30 using LIFO and average-cost. (Round answer to 0 decimal places, e.g. 2,760.) LIFO $ Average-cost Assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) FIFO and (2) LIFO. (Round answer to 0 decimal places, e.g. 2,760.) (1) FIFO (2) LIFO Inventory Compute cost of goods sold assuming periodic inventory procedures and inventory priced at FIFO. (Round answer to o decimal places, e.g. 2,760.) Cost of goods sold In an inflationary period, which inventory method-FIFO, LIFO, average-cost-will show the highest net income? inventory method will show the highest net income. By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor