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Lambert Center began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Units
Lambert Center began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales.
Purchases Units Date July 1 July 6 July 11 July 14 July 21 July 27 Unit Cost Sales Units $80 $85 $91 6 4. 4 4 Don't show me this message again for the assignment Calculate average cost for each unit. (For calculation and answers purpose round unit costs to 2 decimal places, e.g. 15.25 and ending inventory values to O decimal places, e.g. 515.) July 1 s July 6 July 11 July 14 July 21 July 27 Don't show me this message again for the assignment 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.) MOVING AVERAGE FIFO LIFO The ending inventory under a perpetualStep by Step Solution
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