Question: Hello, I have been trying to do this for hours now, but I for some reason never find the correct answer (I only have 1
Hello, I have been trying to do this for hours now, but I for some reason never find the correct answer (I only have 1 more attempt to find the correct answer. Please help me.
Compute the inventory at April 30 on each of the following bases. Assume that perpetual inventory records are kept in units only. (Round final answers to 0 decimal places, e.g. 6,548.)
| (1) | Specific identification; ending inventory is comprised of 270 units from beginning inventory and 420 units from the April 26 purchase. | |
| (2) | First-in, first-out (FIFO). | |
| (3) | Average-cost. |
| (1) Specific identification | (2) FIFO | (3) Average-cost | ||||
|---|---|---|---|---|---|---|
| Ending Inventory | ???????
| 4559 | 4300.021 |
Windsor SA's record of transactions concerning part X for the month of April was as follows. Purchases Sales April 1 (balance on hand) 270 @R$5.80 April 5 470 4 570 @ 5.90 12 370 11 470 @ 6.10 27 1,140 18 370 @ 6.20 28 150 26 770 (@ 6.50 30 370 @ 6.70
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