| Compute FIFO, LIFO, and Average-Cost) | |||||||
| Hull Company’s record of transactions concerning part X for the month of April was as follows. | |||||||
| Purchases | Sales | ||||||
| Quantity | Rate | ||||||
| Apr-01 | 100 | $5.00 | Apr-05 | 300 | |||
| 4 | 400 | $5.10 | 12 | 200 | |||
| 11 | 300 | $5.30 | 27 | 800 | |||
| 18 | 200 | $5.35 | 28 | 150 | |||
| 26 | 600 | $5.60 | |||||
| 30 | 200 |
$5.80 |
|
||||