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XYZ Company's record of transactions concerning part X for the month of April was as follows. Purchases Date Unit price/unit 4/1 420 $7.30 4/4 720

XYZ Company's record of transactions concerning part X for the month of April was as follows.

Purchases

Date Unit price/unit

4/1 420 $7.30

4/4 720 $7.45

4/11 620 $7.74

4/18 520 $7.81

4/26 920 $8.18

4/30 520 $8.47

Sales

Date # unit Sold

4/5 620

4/12 520

4/27 1,440

4/28 150

If the perpetual inventory record is kept in dollars, and costs are computed at the time of each withdrawal, what amount would be shown as ending inventory under (1) FIFO, (2) LIFO and (3) Average-cost?

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Answer To determine the ending inventory under FIFO LIFO and averagecost methods we need to calculate the cost of units sold and the remaining invento... blur-text-image

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