Carla Vista Co$.$ began operations on July $1.$ It uses a perpetual inventory system. During July, the company had the following purchases

and sales.

$($a$1)$

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\mathrm{.}501.)$

Attempts: $0$ of $5$ used

$($a$2)$

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$.12\mathrm{.}520$ and final answer to $0$ decimal places, e$.$g$.1,250.)$

FIFO

The ending inventory under a perpetual inventory system

MOVING$-$AVERAGE

$($b$).$

Which costing method produces the highest ending inventory?