Concord Company's record of transactions concerning part X for the month of April was as follows. Purchases April 1 (balance on hand) 4 11 18 26 30 240 540 @ $5.50 5.60 440 @ 5.80 340 @ 5.90 740 @ 6.20 340 @ 6.40 Sales April 5 12 440 28 340 27 1,080 150
Concord Company's record of transactions concerning part X for the month of April was as follows. Purchases April 1 (balance on hand) 4 11 18 26 30 240 540 @ $5.50 5.60 440 @ 5.80 340 @ 5.90 740 @ 6.20 340 @ 6.40 Sales April 5 12 440 28 340 27 1,080 150
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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
Transcribed Image Text:(a2)
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 0 decimal places, eg. 6,548.)
Ending inventory
(1)
FIFO
(2)
LIFO
(3)
Average-cost

Transcribed Image Text:Concord Company's record of transactions concerning part X for the month of April was as follows.
Purchases
April 1 (balance on hand)
(a1)
4
11
18
26
30
240 @ $5.50
540 @
5.60
440 @
5.80
340 @ 5.90
740 @ 6.20
340 @ 6.40
Sales
Weighted average cost per unit
April 51
12
27
28
440
340
1,080
150
Calculate the weighted-average cost per unit. (Round answer to 4 decimal places, e.g. 2.7682.)
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