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1. Inventory Computations Lan Enterprises uses a periodic inventory system for buckets it sells. It...

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1. Inventory Computations Lan Enterprises uses a periodic inventory system for buckets it sells. It had a beginning inventory on April 1 of 80 units at a cost of $6 per unit. During April, the following purchases and sales were made. Purchases Sales April 7 60 units at $7.00 April 5 120 units at $20 13 120 units at $7.50 11 90 units at $20 23 90 units at $8.00 20 80 units at $20 29 50 units at $8.80 30 40 units at 320 330 Instructions: Compute the April 30 ending inventory and April cost of goods sold under (a) average cost, (b) FIFO, and (c) LIFO. Provide appropriate supporting calculations. (1) Average - Ending Inventory = Cost of Goods Sold = $_ $20 (2) FIFO - Ending Inventory = $ of Goods Sold = $_ Cost Cost of (3) LIFO - Ending Inventory = $ Goods Sold = $

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