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Cullumber Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Calculate the

image text in transcribedimage text in transcribedimage text in transcribed Cullumber Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. 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. $105.501. 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 0 decimal places, e.g. 1,250.) eTextbook and Media Attempts: 0 of 5 used (b) Which costing method produces the highest ending inventory

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