tart Time: 02:38 PM / Remaining: 76 min. Exercise 8-11 Waterway Company's record of transactions for the month of April was as follows. Purchases Sales April 1 (balance on hand) 750 @ $5.00 April 3 625 @ $11.00 4 1,875 @ 5.07 9 1,750 11.00 8 1,000 5.36 11 750 12.00 13 1,500 5.56 23 1,500 12.00 21 875 5.66. 27 1,125 @ 13.00 29 6255.86 5,750 6,625 Assuming that periodic inventory records are kept in units only, calculate the average cost per unit. (Round answer to 2 decimal places, e.g. Average-cost per unit per unit Assuming that periodic inventory records are kept in units only, compute the inventory at April 30 using LIFO and average-cost. (Round answer to LIFO Average-cost Assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) FIFO and (2) LIFO. (Round answer to 0 decimal Inventory (1) FIFO (2) LIFO 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 $ In an inflationary period, which inventory method-FIFO, LIFO, average-cost-will show the highest net income? inventory method will show the highest net income. Click if you would like to Show Work for this question: Open Show. Work