Problem 8-04 : Part B - please show work.

Problem 8-04 (Part Level Submission) Vaughn Company's record of transactions concerning part X for the month of April was as follows. April Purchases 1 (balance on hand) 4 April 340 @ $6.50 640 @ 6.60 540 @ 6.90 440 @ 7.00 840 @ 7.30 440 @ 7.50 Sales 5 540 12 440 27 1,280 28 150 11 18 26 30 (al) Your answer is correct. 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 6.9975 (a2) Your answer is correct. Compute the inventory at April 30 on each of the following bases. Assume that perpetual inventory records are kept in units only. (1) First-in, first-out (FIFO). (2) Last-in, first-out (LIFO). (3) Average-cost. (Round final answers to 0 decimal places, e.g. 6,548.) (1) FIFO (2) LIFO (3) Average-cost Ending Inventory 6147 5444 5808 SHOW SOLUTION LINK TO TEXT (b) Your answer is partially correct. Try again. 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? (Round average cost per unit to 4 decimal places, e.g. 2.7621 and final answers to 0 decimal places, e.g. 6,548.) (1) FIFO (2) LIFO (3) Average-cost Ending Inventory 61471 6220 Attempts: 3 of 8 used