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Question -

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

Purchases

 

Sales

April 1 (balance on hand)

200 @ $5.10

 

April 5

400

4

500 @ 5.20

 

12

300

11

400 @ 5.41

 

27

1,000

18

300 @ 5.46

 

28

150

26

700 @ 5.71

 

 

 

30

300 @ 5.92

 

 

 

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?

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