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Problem 6-9A Terando 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	175	$129
July	6	140
July	11	245	$145
July	14	105
July	21	280	$157
July	27	210

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Calculate the average cost per unit at June 1, 6, 11, 14, 21 & 27. (Round answers to 3 decimal places, e.g. $105.250.)

Average cost for each unit
July	1	$
July	6	$
July	11	$
July	14	$
July	21	$
July	27	$

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Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average cost, and (3) LIFO. (Round answers to 0 decimal places, e.g. $2,150.)

FIFO	MOVING-AVERAGE	LIFO
The ending inventory under a perpetual inventory system	$	$	$

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Print by: Sean Kontogianis AB114: Accounting I - 1505C-02 / 114 Unit 9 Assignment *Problem 6-9A Terando Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. July Date Units 1 July 175 6 July Purchases Unit Cost $129 11 245 280 $157 14 July July 140 $145 21 July Sales Units 27 105 210 Calculate the average cost per unit at June 1, 6, 11, 14, 21 & 27. (Round answers to 3 decimal places, e.g. $105.250.) Average cost for each unit July 1 July 6 $ July 11 $ July 14 $ July 21 $ $ July 27 $ Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average cost, and (3) LIFO. (Round answers to 0 decimal places, e.g. $2,150.) The ending inventory under a perpetual inventory system FIFO $ MOVING-AVERAGE Copyright 2000-2016 by John Wiley & Sons, Inc. or related companies. All rights reserved. $ LIFO $ Question Attempts: 0 of 5 used