Wildhorse Company's record of transactions for the month of April was as follows. Purchases April 1 (balance on hand) $6.00 April 3 4 6.08 9 8 6.40 11 Sales 1,100 @ $10.00 3,080 @ 10.00 1,320 @ 11.00 2,640 @ 11.00 1,980 12.00 10,120 1,320 @ 3,300 @ 1,760 @ 2,640 @ 1,540 @ 1,100 @ 11,660 13 23 6.50 6.60 21 27 29 6.79 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 e Textbook and Media Assuming that periodic inventory records are kept in units only, compute the inventory at April 30 using LIFO and average-cost. (Round answer to O decimal places, e.g. 2,760.) LIFO $ Average-cost $ 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 $ $ e Textbook and Media 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? FIFO inventory method will show the highest net income