Business, 19.02.2020 03:58 alexandroperez13

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

Purchases Sales
April 1 (balance on hand) 100 @ $5.00 April 5 300
4 400 @ 5.10 12 200
11 300 @ 5.30 27 800
18 200 @ 5.35 28 150
26 600 @ 5.60
30 200 @ 5.80

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.

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