Determine the ending inventory under a perpetual inventory system using (1) FIFO (2) moving-average cost and (3) LIFO

(a2) 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 2 decimal places, e.g. 12.52 and final answer to o decimal places, e.g. 1,250.) MOVING-AVERAGE LIFO The ending inventory under a perpetual inventory system Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER U. BE operations on July 1. It uses a perpetual Inventory system. During July, the company had the following purchases and sales Date Units Purchases Unit Cost $177 Sales Units July July 1 6 July 11 $191 $202 (a1) Your answer is correct. Calculate the average cost per unit at July 1, 6, 11, 14, 21 & 27. Average cost for each unit July 1 wers to 2 decimal places,.g. 105. 172 July 6 Calculate the average cost per unit at July 1, 6, 11, 14, 21 & 27. (Round a Average cost for each unit 105.50.) July 1 July 6 July 11 187.50 July 14 187.50 July 21 197.65 July 27 197.65 SHOW SOLUTION SHOW