Hull Company's record of transactions concerning part X for the

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

Hull Company's record of transactions concerning part X for the

Instructions:
a. Calculate the inventory at April 30 on each of the following bases. Assume that perpetual inventory records are
kept in units only. Carry unit costs to the nearest cent.
1. First-in, first-out (FIFO)
2. Average cost
(b) If the perpetual inventory record is kept in dollars, and costs are calculated at the time of each withdrawal, what amount would be shown as ending inventory in (1) and (2) above? (Carry average unit costs to four decimal places.)
1. First in, first out
2. Average-cost

Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula                Ending Inventory Formula =...