Problem 8-4 Blossom Company\'s record of transactions concerning part X for the
ID: 2569172 • Letter: P
Question
Problem 8-4 Blossom Company's record of transactions concerning part X for the month of April was as follows Purchases April 1 (balance on hand) 360 $6.70 April 5 560 Sales 4 18 26 30 6606.83 560 7.10 460 7.17 860 7.50 460 7.77 12 460 27 1,320 28 150 Calculate average-cost per unit. Assume that perpetual inventory records are kept in units only. (Round answer to decimal places.e.g. 2./6 Average-cost per unit etat un , comte, etenei that perpetual inventory records are kept i, uits Compute the inventory at April 30 on each of the following bases. Assume LIFO Average-cost FIFO Ending Inventorys If the perpetual inventory record is kept in dollars, and costs are computed at the time of each withdrawal, what amount would be sh a Average-cost and final answers to 0 decimal places, e.g. 6,548.) LIFO FIFO Ending Inventory $Explanation / Answer
BY average cost method
A)Average cost per units=$7.256
B & C)FIFO=870*7.77=6760
LIFO=870*7.725=6720.75
average cost=870*7.256=6312.72
DATE PARTICULARS UNITS RATE AMOUNT 1.4 OPENING 360 6.70 2412 4.APRIL PURCHSES 660 6.83 4507.8 5.april sales 560 6.765 3788.40 12.april sales 460 6.765 3111.90 14.april purchases 560 7.1 3976 18.april purchases 460 7.17 3298.20 26.april purchases 860 7.50 6450 27.april sales 1320 7.256 9577.92 28.april sales 150 7.256 1088.40 30.april purchases 460 7.77 3574.20