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Blossom Co . began operations on July 1 . It uses a perpetual inventory system. During July, the company had the following purchases and sales.

Blossom Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales.
\table[[Date,Purchases,Sales Units],[Units,Unit Cost],[July,1,5,$177,],[July,6,,,3],[July,11,6,$191,],[July,14,,,5],[July,21,7,$202,],[July,27,,,5]]
Calculate the average cost per unit at July 1,6,11,14,21&27.(Round intermediate calculations to 0 decimal places and final answers to 3 decimal places, e.g. $105.501.)
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 3 decimal places, e.g.12.520 and final answer to 0 decimal places, e.g.1,250.)
FIFO
MOVING-AVERAGE
The ending inventory under a perpetual inventory system
$
$
eTextbook and Media
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(b).
Which costing method produces the highest ending inventory?
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