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What is the inventory cost using the lifo method

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

April 4 2500 units at 8.25 per unit
April 10 4500 units at $8.40 per unit
April 19 1200 units at $9.00 per unit
April 29 2700 units at $9.90 per unit

A physical count at April 30, 2017 showed 4,000 units of Part T on hand.

Problem 1: 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?

Reference no: EM132697610

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