200 580 1160 total available 1800 9720 average cost

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   200   5.80   1,160 Total Available 1,800 $9,720 Average cost per unit = $9,720  ÷  1,800 = $5.40. Inventory, April 30 = 350 X $5.40 = $1,890. (b) Assuming costs are computed for each withdrawal: 1. First-in, first out. The inventory would be the same in amount as in part (a), $2,000.
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PROBLEM 8-4 (Continued) 2. Last-in, first-out. Purchased Sold Balance* Date No. of units Unit cost No. of units Unit cost No. of units Unit cost Amount April   1 100 $5.00 100 $5.00 $    500 April   4 400   5.10 100   5.00   2,540 400   5.10 April   5 300 $5.10 100   5.00   1,010 100   5.10 April 11 300   5.30 100   5.00 100   5.10   2,600 300   5.30 April 12 200   5.30 100   5.00 100   5.10   1,540 100   5.30 April 18 200   5.35 100   5.00 100   5.10   2,610 100   5.30 200   5.35 April 26 600   5.60 100   5.00 100   5.10 100   5.30   5,970 200   5.35 600   5.60 April 27 600 @   5.60 800 200 @   5.35 100   5.00   1,540 100   5.10 100    5.30 April 28 100 @   5.30 100   5.00     755 150   50 @   5.10   50   5.10 April 30 200   5.80 100   5.00   1,915
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  50   5.10 200   5.80 Inventory, April 30 is $1,915. *The   balance   on   hand   is   listed   in   detail   after   each transaction. PROBLEM 8-4 (Continued) 3. Average-cost. Purchased Sold Balance Date No. of units Unit cost No. of units Unit cost No. of units Unit cost* Amount April   1 100 $5.00    100 $5.0000 $   500.00 April   4 400   5.10    500   5.0800   2,540.00 April   5 300 $5.0800    200   5.0800   1,016.00 April 11 300   5.30    500   5.2120   2,606.00 April 12 200   5.2120    300   5.2120   1,563.60 April 18 200   5.35    500   5.2672   2,633.60 April 26 600   5.60 1,100   5.4487   5,993.57
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