please dont provide answer in image format thank you Your answer is partially correct.If the perpetual inventory record is kept in dollars, and costs are computed at the time of each withdrawal, would the amountsshown as ending inventory in (1), (2), and (3) above be the same? What amount would be shown as ending inventory? (Roundaverage cost per unit to 4 decimal places, e.g. 2.7621 and final answers to 0 decimal places, e.g. 6,548.)Would amount be sameEnding inventoryeTextbook aed Media(1)FIFOYes4690(2)LIFONo4690(3)Average-costNov-4420 Some of the information found on a detail inventory card for Coronado Inc. for the first month of operations is as follows.DateJanuary 21013182023262831ReceivedNo. of Units1,4008001,2001,5001,800Unit Cost$4.024.294.424.564.69Issued,No. of Units9007005001,1001,0001,500Balance,No. of Units1,4005001,3006001,3002001,7007002,5001,000

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Description: please dont provide answer in image format thank you Your answer is partially correct.If the perpetual inventory record is kept in dollars, and costs are computed at the time of each withdrawal, would the amountsshown as ending inventory in (1), (2),

Formula Average Cost per Unit = Total Cost of Purchase Unit / Number of units

Business

Accounting

Some of the information found on a detail inventory card for Coronado Inc. for the first month of operations is as follows. Date January 2 7 10 13 18 20 23 26 28 31 Received No. of Units 1,400 800 1,200 1,500 1,800 Unit Cost $4.02 4.29 4.42 4.56 4.69 Issued, No. of Units 900 700 500 1,100 1,000 1,500 Balance, No. of Units 1,400 500 1,300 600 1,300 200 1,700 700 2,500 1,000

Some of the information found on a detail inventory card for Coronado Inc. for the first month of operations is as follows. Date January 2 7 10 13 18 20 23 26 28 31 Received No. of Units 1,400 800 1,200 1,500 1,800 Unit Cost $4.02 4.29 4.42 4.56 4.69 Issued, No. of Units 900 700 500 1,100 1,000 1,500 Balance, No. of Units 1,400 500 1,300 600 1,300 200 1,700 700 2,500 1,000

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter7: Inventories

Section: Chapter Questions

Problem 3PEA: Beginning inventory, purchases, and sales for Item Zebra 9x are as follows: Assuming a perpetual...

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