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Total Units Unit Cost Cost Units on Hand Balance on 4/1 3,000 $6,000 3,000 $2 Purchased on 4/8 2,000 $8,000 5,000 Sold on 4/23 2,600
Total Units Unit Cost Cost Units on Hand Balance on 4/1 3,000 $6,000 3,000 $2 Purchased on 4/8 2,000 $8,000 5,000 Sold on 4/23 2,600 800 2,400 Purchased on 4/28 $5 $4,000 3,200 Ganges uses the LIFO method to cost inventory. What amount should Ganges report as inventory on April 30 under each of the following methods of recording inventory? Perpetual: $8,800; Periodic: $8,800 Perpetual: $6,800; Periodic: $6,800 Perpetual: $8,800; Periodic: $6,800 Perpetual: $6,800; Periodic: $8,800
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