Question: Current Attempt in Progress Cullumber Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases

following purchases and sales. Purchases Date Units Unit Cost Sales Units July

Current Attempt in Progress Cullumber Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Date Units Unit Cost Sales Units July 1 5 $130 July 6 3 July 11 6 $144 July 14 5 July 21 7 $155 July 27 5 (a1) Calculate the average cost per unit at July 1, 6, 11, 14, 21 & 27. (Round answers to 3 decimal places, eg. $105.50 Average cost for each unit July 1 $ July 6 $ July 11 $ July 14 $ July 21 $ July 27 $ $ e Textbook and Media Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average cost, and (3) LIFO. (Round average-cost per unit to 3 decimal places, eg. 12.520 and final answer to decimal prices, eg. 1,250.) FIFO MOVING-AVERAGE LIFO ler a perpetual inventory system S $

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