Whispering Company's record of transactions for the month of April was as follows.

Purchases	Sales
April 1	(balance on hand)	900	@	$5.10	April 3	750	@	$10.00
4	2,250	@	5.20	9	2,100	@	10.00
8	1,200	@	5.50	11	900	@	11.00
13	1,800	@	5.60	23	1,800	@	11.00
21	1,050	@	5.70	27	1,350	@	12.00
29	750	@	5.90	6,900
7,950

A,1. 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.)

A,2. Average-cost per unit

$ per unit

B. Assuming that periodic inventory records are kept in units only, compute the inventory at

April 30 using LIFO and average-cost. (Round answer to 0 decimal places, e.g. 2,760.)

LIFO $

Average-cost $

C. Assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) FIFO and (2) LIFO.

(1) FIFO	(2) LIFO
Inventory	$	$

Cost of goods sold

$

D. In an inflationary period, which inventory methodFIFO, LIFO, average-costwill show the highest net income?

--------------------------------inventory method will show the highest net income.