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The Average cost per unit has been answered. The answer is 5.9341, Please answer the FIFO AND LIFO QUESTION. (a2) Compute the inventory at April
The Average cost per unit has been answered. The answer is 5.9341, Please answer the FIFO AND LIFO QUESTION.
(a2) Compute the inventory at April 30 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 o decimal places, e.g. 6,548.) (1) FIFO (2) LIFO (3) Average-cost Ending Inventory $ Click if you would like to show Work for this question: Open Show Work LINK TO TEXT Problem 8-04 (Part Level Submission) Concord Company's record of transactions concerning part X for the month of April was as follows. Purchases 1 (balance on hand) April April 240 @ $5.50 540 @ 5.60 440 @ 5.80 340 @ 5.90 740 @ 6.20 340 @ 6.40 Sales 5 440 12 340 27 1,080 28 150 (a1) Calculate average-cost per unit. Assume that perpetual inventory records are kept in units only. (Round answer to 4 decimal places, e.g. 2.7682.) Average-cost per unit t Click if you would like to Show Work for this question: Open Show Work
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