# Pharoah Company’s record of transactions for the month of April was as follows. Purchases Sales April 1(balance on hand)[email protected]\$6.00April…

Pharoah Company’s record of transactions for the month of April was as follows.

Purchases

Sales

April 1(balance on

[email protected]

\$6.00April

[email protected]

\$10.0041,

[email protected]

@1,

[email protected]

@,9225,671

Assuming that periodic inventory records are kept in units only, calculate the average-cost per unit.

(Round answer to 2 decimal places, e.g. 2.76.)

Average-cost per unit\$

per unit

Assuming that periodic inventory records are kept in units only, compute the inventory at April 30 using LIFO and average-cost.

(Round answer to 0 decimal places, e.g. 2,760.)

LIFO\$

Average-cost\$

Assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) FIFO and (2) LIFO.

(Round answer to 0 decimal places, e.g. 2,760.)

(1)

FIFO

(2)

LIFO

Inventory\$

\$

Compute cost of goods sold assuming periodic inventory procedures and inventory priced at FIFO.

(Round answer to 0 decimal places, e.g. 2,760.)

Cost of goods sold\$ 