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Flint Corporation began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Date

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Flint Corporation 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 13 $ 64 10 July 6 July 11 9 $ 68 9 July 14 July 21 12 $72 11 July 27 (al) Your answer is correct Calculate average cost for each unit. (For calculation and answers purpose round unit costs to 2 decimal places, eg. 15.25.) July 1 $ July $ July 11 S July 14 $ July 21 $ July 27 $ 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, e.g. 15.25 and ending inventory values to 0 decimal places, e.g. 515.) FIFO MOVING-AVERAGE LIFO The ending inventory under a perpetual inventory system $ 284 $

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