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