Question
Carla Vista Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales.
Carla Vista Co. 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 1 5 $160 July 6 3 July 11 6 $174 July 14 5 July 21 7 $185 July 27 5 - Your answer is partially correct. 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 O decimal places, e.g. 1,250.) er a perpetual inventory system eTextbook and Media Save for Later FIFO 925 A MOVING-AVERAGE 903 LIFO 914 Attempts: 4 of 5 used Submit Answer
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