Sunland Companys record of transactions for the month of April was as follows. Only need part B solved!!

Purchases							Sales
April 1	(balance on hand)		1,020	@	$6.00		April 3		850	@	$10.00
4			2,550	@	6.08		9		2,380	@	10.00
8			1,360	@	6.40		11		1,020	@	11.00
13			2,040	@	6.50		23		2,040	@	11.00
21			1,190	@	6.60		27		1,530	@	12.00
29			850	@	6.79				7,820
			9,010

(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

$ per unit

Click if you would like to Show Work for this question:

Open Show Work

SHOW SOLUTION

LINK TO TEXT

Attempts: 2 of 15 used

(a2)

	Your answer is correct.

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		$

Click if you would like to Show Work for this question:

Open Show Work

SHOW SOLUTION

LINK TO TEXT

Attempts: 1 of 15 used

(b)

	Your answer is partially correct. Try again.

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		$		$