Ivanhoe Company began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Calculate average COST for each unit. (For calculation and Answers purpose round unit costs to 2 decimal places, e.g. 15.25.) July 1 $ _______________ July 6 $ _______________ July 11 $ _______________ July 14 $ _______________ July 21 $ _______________ July 27 $ _______________ Determine the ending Inventory under a perpetual Inventory system using (I) 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.) Which costing method produces the nicest ending inventory valuation? ________________ method produces the highest ending inventory valuation