Bridgeport Corp. had 2,200 units of part T on hand on April 1, 2017, costing $8.00 each. During April, Bridgeport made the following purchases of part T.

			Units		Unit Cost
April	4		2,500		$8.25
	10		4,100		8.40
	19		1,100		9.00
	29		2,500		9.90

A physical count on April 30, 2017, showed 3,800 units of Part T on hand.
Using the FIFO method, what is the cost of part T inventory on April 30, 2017? Using the LIFO method, what does the inventory cost? Using the average-cost method, What does the inventory cost?

Answer rating: 100% (QA)

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