A5 x B fx C 4/1/2012 D A E F G H I 2 Hull Company's record of transactions concerning part X for the month of April was as follows. Purchases Sales Quantity: Unit Cost: Quantity: Apr 1 (Balance on hand) 110 $7.00 Apr 5 290 Apr 4 420 7.20 Apr 12 200 Apr 11 280 7.30 Apr 27 300 Apr 18 210 7.40 12 Instructions: 13 (a) Compute the inventory at April 30 and the cost of goods sold during April on each of the following 14 bases. Assume that periodic inventory records are kept. Carry unit costs to the nearest cent. Cost Flow Assumption VIEW Help Search Arial BIU 10 A AA - = E 2 Wrap Text Merge & Center Custom Clipboard $ % Font Alignment A5 x Number fc 4/1/2012 B C D E F 27 (1) First-in, First-out, (FIFO). 37 (2) Last-in, First-out, (LIFO). Cost Flow Assumption UFO Sheet Ready E O Type here to search De 9 45 fx 4/1/2012 B C D E F G H I 48 (3) Average cost. 59 (b) If the perpetual inventory record is kept 60 61 (1) First-in, First-out. (FIFO). Cost Flow Assumption LIFO Sheet Ready O Type here to search He 9 el Page Layout Formulas Data Review View Help Search Arial 10 - A A BIU - DO A - 3 . Wrap Text Merge & Center - Custom S Clipboard $ - % 9 % G Font Alignment A5 Number X fo 4/1/2012 IcoE F G 74 (2) Last-in, First-out, (LIFO). 92 (3) Average Cost. Cost Flow Assumption UFO Sheet O Type here to search te 6