Question 7 Current Attempt in Progress Kingbird, Inc began operations on July 1. It uses a perpetual inventory system. During July, the company had the followine purchases and sales Purchases Units Unit Cost Sales Units Y $111 Date July 1 Julyo July 11 July 14 July 21 July 27 12 $127 14 $138 Calculate the average cost per unitat july 1,6 11 14 216 22. Round answers to decimal places. $105.251.) Average cost for each unit July 1$ 111.000 July 65 111.000 124714 124.714 July 21 $ 52416.000 July 27 $ 52416.000 eTextbook and Media Determine the endir inventory under a perpetual inventory system usine (1) FIFO (22 moving average cost, and (LIFO. (Round awerage cost per unit to 3 decimal places, 12.521 and final answer to o decimal places, eg, 1.250.) FIFO MOVING-AVERAGE FIFO MOVING-AVER LIFO The ending inventory under a perpetual inventory system $ Textbook and Media Which costing method produces the highest ending Inventory valuation FIFO method e Textbook and Media