Problem 84 Purchases Sales LINK TO TEXT 1 FIFO 2 LIFO 3 Aver

Problem 8-4

Purchases

Sales

LINK TO TEXT

(1)
FIFO

(2)
LIFO

(3)
Average-cost

LINK TO TEXT

(1)
FIFO

(2)
LIFO

(3)
Average-cost

Problem 8-4

Blue Company’s record of transactions concerning part X for the month of April was as follows.

Purchases		Sales
April 1	(balance on hand)		360	@	$6.70		April 5		560
4			660	@	6.83		12		460
11			560	@	7.10		27		1,320
18			460	@	7.17		28		150
26			860	@	7.50
30			460	@	7.77

$\"\"$

a. Average Cost per Unit= $7.21

Workign Note

b. Ending Inventory in Unit
	FIFO	LIFO	Average Cost
Ending Inventory	870	870	870

Problem 8-4 Purchases Sales LINK TO TEXT (1) FIFO (2) LIFO (3) Average-cost LINK TO TEXT (1) FIFO (2) LIFO (3) Average-cost Problem 8-4 Blue Company’s record of

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