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Calculate average cost for each unit. (For calculation and answers purpose round unit costs to 2 decimal places, eg. 15.25.) July 1 $ 58 July

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Calculate average cost for each unit. (For calculation and answers purpose round unit costs to 2 decimal places, eg. 15.25.) July 1 $ 58 July 6 $ 58 July 11 $ 61 July 14 $ 61 July 21 $ 65 July 27 $ 65 Sarasota Corp. 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 13 $58 10 Julys July 11 9 $62 9 July 14 July 21 12 566 11 July 27 Determine the ending Inventory under a perpetual inventory system using (1) FIFO, (2) moving averapes, and (31 uro. for calculation and answers purpose round unlt costs to 2 decimal places, 4.3. 15.25 and endir inventory values to O decimal places is 515) FIFO MOVING AVERAGE LIFO The ending inventory under a perpetual inventory system

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