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

Indigo 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

11 $56

July 6

8

July 11

7 $66

July 14

7

July 21

9 $71

July 27

8

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

$enter a dollar amount $enter a dollar amount $enter a dollar amount

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