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In: Accounting

Bramble Corp. had 1,900 units of part T on hand April 1, 2017, costing $8 each....

Bramble Corp. had 1,900 units of part T on hand April 1, 2017, costing $8 each. During April, Bramble made the following purchases of part T.

Units Unit
Cost
April 4 2,900 $8.25
10 4,500 8.40
19 1,100 9
29 2,700 9.90


A physical count at April 30, 2017 showed 3,900 units of Part T on hand.

Using the FIFO method, what is the cost of part T inventory at April 30, 2017? Using the LIFO method, what is the inventory cost? Using the average-cost method, what is the inventory cost? (Round average cost per unit to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 1,620.)

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ekkarill92 answered 2 years ago
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