Hull Company’s record of transactions concerning part X for themonth of April was as follows.
Purchases | | Sales |
| April 1 | (balance on hand) | | 230 | @ | $7.30 | | April 5 | | 430 |
| 4 | | | 530 | @ | 7.40 | | 12 | | 330 |
| 11 | | | 430 | @ | 7.70 | | 27 | | 1,060 |
| 18 | | | 330 | @ | 7.80 | | 28 | | 150 |
| 26 | | | 730 | @ | 8.20 | | | | |
| 30 | | | 330 | @ | 8.50 | | | |
Compute the inventory at April 30 on each of the followingbases. Assume that perpetual inventory records are kept in unitsonly. (1) First-in, first-out (FIFO). (2) Last-in, first-out(LIFO). (3) Average-cost. (Round final answers to 0decimal places, e.g. $6,548.)
