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 April 3 9 11 23 27 Sales 1,000 @ $10.00 2.800 @ 10.00 1,200 @ 11.00 2,400 @ 11.00 1.800 @ 12.00 9,200 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 Your answer is partially 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 O decimal places, eg. 2,760.) LIFO $ 5283 Average-cost $ $ 8,890 e Textbook and Media * Your answer is incorrect. Assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) FIFO and (2) LIFO. (Round answer to 0 decimal places, eg. 2,760.) (1) FIFO (2) LIFO Inventory 17040 $ 3465 X Your answer is incorrect. Compute cost of goods sold assuming periodic inventory procedures and inventory priced at FIFO. (Round answer to O decimal places, eg. 2,760.) Cost of goods sold $ 32441 e Textbook and Media Your answer is correct. In an inflationary period, which inventory method-FIFO, LIFO, average-cost-will show the highest net income? FIFO inventory method will show the highest net income