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Whispering Company's record of transactions for the month of April was as follows. Purchases April 1 (balance on hand) 900 @ $6.00 2,250 @ 6.08
Whispering Company's record of transactions for the month of April was as follows. Purchases April 1 (balance on hand) 900 @ $6.00 2,250 @ 6.08 1,200 @ 6.40 1,800 @ 6.50 1,050 @ 6.60 750 @ 6.79 Sales April 3 750 @ $10.00 9 2.100 @ 10.00 11 900 @ 11.00 23 1,800 @ 11.00 27 1,350 @ 12.00 6,900 7,950 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 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 $ 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 O decimal places, e.g. 2,760.) (1) FIFO (2) LIFO Inventory $ 0 $ Your answer is incorrect. Compute cost of goods sold assuming periodic inventory procedures and inventory priced at FIFO. (Round answer to O decimal places, e.g. 2,760.) Cost of goods sold $
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