# Pharoah Company’s record of transactions for the month of April was as follows. Purchases Sales April 1(balance on hand)642@\$6.00April…

Pharoah Company’s record of transactions for the month of April was as follows.
April 1(balance on h..2@\$6.00April 3..5@\$10.0041,605@56@1,284@749@,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.
LIFO\$
Assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) FIFO and (2) LIFO.
Inventory\$
Compute cost of goods sold assuming periodic inventory procedures and inventory priced at FIFO.
Cost of goods sold\$
In an inflationary period, which inventory method-FIFO, LIFO, average-cost-will show the highest net income?
LIFO
Average-cost
FIFO
inventory method will show the highest net income.

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