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Windsor Companys record of transactions for the month of April was as follows. Purchases Sales April 1 (balance on hand) 720 @ $6.00 April 3
Windsor Companys record of transactions for the month of April was as follows.
Purchases | Sales | ||||||||||
April 1 | (balance on hand) | 720 | @ | $6.00 | April 3 | 600 | @ | $10.00 | |||
4 | 1,800 | @ | 6.08 | 9 | 1,680 | @ | 10.00 | ||||
8 | 960 | @ | 6.40 | 11 | 720 | @ | 11.00 | ||||
13 | 1,440 | @ | 6.50 | 23 | 1,440 | @ | 11.00 | ||||
21 | 840 | @ | 6.60 | 27 | 1,080 | @ | 12.00 | ||||
29 | 600 | @ | 6.79 | 5,520 | |||||||
6,360 |
(a2)
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 | $ |
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