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Some of the information found on a detail inventory card for Coronado Inc for the first month of operations is as follows. Received Date January
Some of the information found on a detail inventory card for Coronado Inc for the first month of operations is as follows. Received Date January 2 700 Issued, Balance, No. of Units Unit Cost No. of Units No. of Units 1 ,400 $4.02 1.400 900 500 800 4.29 1,300 600 1,200 500 1.300 1.100 200 4.56 1.700 1,000 700 1,800 4.69 2.500 1,500 1.000 (11) Your answer is correct. Calculate average cost per unit. (Round answer to 2 decimal places, eg. 2.76. Average-cost per unit 4.42 e Textbook and Media (a2) 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 decimal places, eg. 6,548.) (2) 111 FIFO LIFO Average-cost Ending Inventory $
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