My SOL X My SOL X G Repeat X ProQue X ? Determ X ?) Oriole ( x ?) At the b X ?) At the b X Tutorial X Worksh X Z tables X - ECON9 X + V X -> C a moodle.nowplatform.edu.au/pluginfile.php/3450342/mod_resource/content/1/Tutorial%20Questions%20T1%202022%20Wk7.pdf E Tutorial Questions T1 2022 Wk7.pdf 4/4 100% + ACCY901 - Week 7 Solutions PSA5.6 Determine ending inventory under a perpetual inventory system. (LO9) Fontana Ltd began operations on 1 July. It uses a perpetual inventory system. During July the business had the following purchases and sales. Purchases Date Units Unit cost Sales units 2 July 5 $ 95 6 3 11 A 106 14 3 21 112 27 Required (a) Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) average cost and (3) LIFO. (b) Which costing method produces the highest cost allocation to ending inventory? 3 Type here to search O 19C Mostly cloudy ~ D = (7 () 11:47 PM 3/19/2022