Problem 6-9A Lambert Center 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 13 $115 July 6 9 July 11 6 $122 July 14 6 July 21 7 $132 July 27 6

Calculate average cost for each unit. (For calculation and answers purpose round unit costs to 2 decimal places, e.g. 15.25 and ending inventory values to 0 decimal places, e.g. 515.)

July 1 $ July 6 $ July 11 $ July 14 $ July 21 $ July 27 $

Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average, and (3) LIFO. (For calculation and answers purpose round unit costs to 2 decimal places, e.g. 15.25 and ending inventory values to 0 decimal places, e.g. 515.)

FIFO MOVING-AVERAGE LIFO The ending inventory under a perpetual inventory system $ $ $