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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

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

7 $89

July 6

5

July 11

3 $94

July 14

3

July 21

4 $102

July 27

3

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 3 decimal places, e.g. 15.125 and ending inventory values to 0 decimal places, e.g. 515.)

FIFO

MOVING-AVERAGE

LIFO

The ending inventory under a perpetual inventory system

$enter the ending inventory under a perpetual inventory system in dollars $enter the ending inventory under a perpetual inventory system in dollars $enter the ending inventory under a perpetual inventory system in dollars

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