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Wildhorse Company's record of transactions for the month of April was as follows. Sales Purchases April 1 (balance on hand) 4 April 3 9 1,100
Wildhorse Company's record of transactions for the month of April was as follows. Sales Purchases April 1 (balance on hand) 4 April 3 9 1,100 @ $10.00 3,080 @ 10.00 1,320 @ 11.00 2,640 @ 11.00 8 1,320 @ $6.00 3,300 @ 6.08 1,760 @ 6.40 2,640 @ 6.50 1,540 @ 6.60 1,100 6.79 11 13 23 21 27 12.00 1,980 @ 10,120 29 11,660 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 $ 10,373
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