Bonita Company's record of transactions for the month of April was as follows. April 1 (balance on hand) 4 8 13 21 Purchases 29 780 @ $5.90 1,950 @ 1,040 @ 1,560 @ 910 @ 6,890 6.00 6.30 6.40 6.50 650 @ 6.70 April 3 9 11 23 27 Sales 650 1,820 @ @ $10.00 780 @ 1,560 @ 1,170 5,980 10.00 11.00 11.00 12.00

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter8: Liabilities And Stockholders' Equity
Section: Chapter Questions
Problem 8.1.2MBA
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Assuming that periodic inventory records are kept in units only, compute the inventory at April 30 using LIFO and average-cost.

Question 5 of 9
Bonita Company's record of transactions for the month of April was as follows.
April 1 (balance on hand)
4
8
13
21
Purchases
29
A
780 @ $5.90
1,950 @ 6.00
1,040 @
1,560 @
910 @
650 @
6,890
6.30
6.40
6.50
6.70
April 3
9
11
23
27
Sales
650 @
@ $10.00
1,820 @ 10.00
780 @
1,560 @
1,170 @
5.980
11.00
11.00
12.00
Transcribed Image Text:Question 5 of 9 Bonita Company's record of transactions for the month of April was as follows. April 1 (balance on hand) 4 8 13 21 Purchases 29 A 780 @ $5.90 1,950 @ 6.00 1,040 @ 1,560 @ 910 @ 650 @ 6,890 6.30 6.40 6.50 6.70 April 3 9 11 23 27 Sales 650 @ @ $10.00 1,820 @ 10.00 780 @ 1,560 @ 1,170 @ 5.980 11.00 11.00 12.00
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