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Swifty Company's record of transactions for the month of April was as follows. Purchases Sales April 1 (balance on hand) 420 @ $6.00 April

Swifty Companys record of transactions for the month of April was as follows.PurchasesSalesApril 1 (balance on hand)420Assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) FIFO and (2) LIFO. (Roundan

Swifty Company's record of transactions for the month of April was as follows. Purchases Sales April 1 (balance on hand) 420 @ $6.00 April 3 350 @ $10.00 4 1,050 @ 6.08 9. 980 @ 10.00 8 560 @ 6.40 11 420 @ 11.00 13 840 @ 6.50 23 840 @ 11.00 21 490 @ 6.60 27 630 @ 12.00 29 350 @ 6.79 3,220 3,710 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) (2) FIFO LIFO Inventory 3301 2945 %24 %24

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