Cullumber 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		$130.00
July	6						3
July	11		7		$144
July	14						5
July	21		8		$158
July	27						5

Calculate the average unit cost at July 1, 6, 11, 14, 21 & 27. (Round answers to 2 decimal places, e.g. $105.50.) Average unit cost July 1 $ July 6 $ July 11 $ July 14 $ July 21 $ July 27 $ e Textbook and Media Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average cost, and (3) LIFO. (Round average unit cost to 2 decimal places, e.g. 12.52 and final answer to 0 decimal places, e.g. 1,250.) FIFO MOVING-AVERAGE LIFO The ending inventory under a perpetual inventory system $ $ $ Which costing method produces the highest ending inventory