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

                                        Purchases                                                 Sales

April 1 (balance on hand) 340 @ $6.50                                             April 5       540

         4                               640 @ 6.63                                                      12      440

        11                              540 @ 6.89                                                      27   1,280

        18                              440 @ 6.96                                                      28      150

        26                              840 @ 7.28                     

        30                              440 @ 7.54

Calculate average-cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Average-cost per unit $

Compute the inventory at April 30 on each of the following bases. Assume that perpetual inventory records are kept in units only. (1) First-in, first-out (FIFO). (2) Last-in, first-out (LIFO). (3) Average-cost. (Round final answers to 0 decimal places, e.g. $6,548.)

(1) FIFO               (2) LIFO                (3) Average-cost Ending Inventory $ $ $

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? (Round average cost per unit to 4 decimal places, e.g. 2.7621 and final answers to 0 decimal places, e.g. 6,548.)

(1) FIFO               (2) LIFO                (3) Average-cost Ending Inventory $ $ $