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Hull Company’s record of transactions concerning part X for the month of April was as follows. Purchases Sales April...

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Accounting

Hull Company’s record of transactions concerning part X for themonth of April was as follows.

Purchases

Sales

April 1(balance on hand)230@$7.30April 5430
4530@7.4012330
11430@7.70271,060
18330@7.8028150
26730@8.20
30330@8.50

Compute the inventory at April 30 on each of the followingbases. Assume that perpetual inventory records are kept in unitsonly. (1) First-in, first-out (FIFO). (2) Last-in, first-out(LIFO). (3) Average-cost. (Round final answers to 0decimal places, e.g. $6,548.)

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