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

Purchases					Sales
April 1	(balance on hand)	390	@	$5.50	April 5	590
4		690	@	5.60	12	490
11		590	@	5.80	27	1,380
18		490	@	5.80	28	150
26		890	@	6.10
30		490	@	6.30

If the perpetual inventory record is kept in dollars, and costs are computed at the time of each withdrawal, what amount would be shown as ending inventory under (1) FIFO, (2) LIFO and (3) Average-cost? (Avg Cost is 5.8726)

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91591781

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