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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 Units

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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 Units Unit Cost 6 $65 Sales Units 4 Date July 1 July 6 July 11 July 14 July 21 July 27 3 $70 3 S $75 4 Your answer is correct. Calculate average cost for each unit. (For calculation and answers purpose round unit costs to 2 decimal places, e.g. 15.25.) July 1 $ 65 July 6 65 July 11 $ $ $ 68 July 14 68 July 21 $ 73 July 27 $ 73 (a2) 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 to 2 decimal places, eg. 15.25 and ending Inventory values to decimal places, es 515) FIFO MOVING-AVERAGE LIFO The ending inventory under a perpetual inventory system $ $ $ e Textbook and Media

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