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Coronado Industries began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Sales
Coronado Industries began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Sales Units Date Units Unit Cost $138 16 July 1 11 July 6 $147 7 July 11 7 July 14 $158 July 21 July 27 Calculate average cost for each unit. (For calculation and answers purpose round unit costs to 2 decimal places, e.g. 15.25.) July 1 s July 6 s July 11 July 14 e July 21 July 27 LINK TO TEXT Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average, and (3) LIFO. (For calculation and answers purpose round unit costs t places, e.g. 15.25 and ending inventory values to 0 decimal places, e.g. 515.) 2 decimal FIFO MOVING-AVERAGE LIFO perpetual inventory systemt The ending inventory under LINK TO TXT Which costing method produces the highest ending inventory valuation? method produces the highest ending inventory valuation. LINK TO TEXT
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