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Problem 8-04 Sunland Company's record of transactions concerning part X for the month of April...

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Accounting

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Problem 8-04 Sunland Company's record of transactions concerning part X for the month of April was as follows. Purchases 1 (balance on hand) April April 320 @ $6.30 620 @ 6.40 520 @ 6.70 420 @ 6.70 820 @ 7.10 420 7.30 Sales 5 520 12 420 27 1,240 29 150 Calculate average-cost per unit. Assume that perpetual inventory records are kept in units only. (Round answer to 4 decimal places, e.g. 2.7682.) Average-cost per units LINK TO TEXT Compute the inventory at April 30 on each of the following bases. Assume that perpetual inventory records are kept in units only. (1) First-in, first-out (FIFO). (2) Last-in, first-out (LIFO). (3) Average-cost. (Round final answers to O decimal places, c.g. 6,548.) (1) FIFO (2) e po p LIFO o (3) Average-cost Average-cost Ending Inventory LINK TO TEXT 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-cast? (Round average cost per unit to 4 decimal places, e.g. 2.7621 and final answers to o decimal places, e.g. 6,548.) (1) (2) (3) Average-cost Ending Inventory s Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT

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