Question: Problem 6-09A a1-a2, b (Part Level Submission) Cullumber Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had
Problem 6-09A a1-a2, b (Part Level Submission) Cullumber Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Unit Cost Units Sales Units 4 $144 3 Date July 1 July 6 July 11 July 14 July 21 July 27 7 $154 6 8 $165 5 (a1) (2) 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.) FIFO MOVING-AVERAGE LIFO The ending Inventory under a perpetual Inventory system Click if you would like to show Work for this question: Open Show Work
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