Question
Skysong Company's record of transactions for the month of April was as follows. Purchases Sales April 1(balance on h..0@$6.00April 3..0@$10.0044,500@6..0@10.0082,400@6..0@11.00133,600@6..0@11.00212,100@6..0@12.00291,500@6.7913,80015,900 (a1) Your answer is correct.
Skysong Company's record of transactions for the month of April was as follows.
Purchases
Sales
April 1(balance on h..0@$6.00April 3..0@$10.0044,500@6..0@10.0082,400@6..0@11.00133,600@6..0@11.00212,100@6..0@12.00291,500@6.7913,80015,900
(a1)
Your answer is correct.
Assuming that periodic inventory records are kept in units only, calculate the average-cost per unit.(Round answer to 2 decimal places, e.g. 2.76.)
Average-cost per unit$
6.35 per unit
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 14145
(2)
LIFO . 13809
Inventory$
Compute cost of goods sold assuming periodic inventory procedures and inventory priced at FIFO.(Round answer to 0 decimal places, e.g. 2,760.)
Cost of goods sold$________
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