4 of 5 View Policies -/30 Current Attempt in Progress Bonita Appliance Mart began operations on May 1. It uses a perpetual inventory system. During May, the company had the following purchases and sales for its Model 25 Sureshot camera. Purchases Date Units Unit Cost Sales Units May 1 7 NT$8,740 May 4 May 8 8 NT$9,690 May 12 5 May 15 6 NT$10,488 May 20 May 25 3 5 Determine the ending inventory under a perpetual inventory system using (1) FIFO and (2) moving-average cost. (Round moving average unit cost to 3 decimal places, e.g. 25.167 and final answers to O decimal places, e.g. 2,150.) The ending inventory under a perpetual inventory system NT$ eTextbook and Media FIFO NT$ MOVING-AVERAGE Which costing method produces (1) the higher ending inventory valuation and (2) the lower ending inventory valuation? (1) (2) eTextbook and Media method produces the higher ending inventory valuation. method produces the lower ending inventory valuation