-Average-Cost per unit $

-Compute the inventory at April 30 on each of following bases. Assume the perpetual inventory recorda are kept in units only. Carry unit costs to the nearest cent.

1) First-in, First-out (FICO)

2)Last-in, First-out (LIFO)

3) Average cost

- If 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 in 1,2 and 3 above? carry average unit costs to four decimal places.

Kingbird Company's record of transactions concerning part X for the month of April was as follows. Sales Purchases 400 @ $ 7.10 600 April 5 April 1 (balance on hand) 7.20 12 500 4 700 @ 27 7.50 1,400 600 @ 11 28 150 7.60 500 @ 18 900 a 8.00 26 500 @ 8.20 30 (a1) Calculate average-cost per unit. Assume that perpetual inventory records are kept in units only. (Round answer to 4 decimal places, e.g. 2.7682.) $ Average-cost per unit