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Oriole Company began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Unit
Oriole Company began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Unit Cost Units Sales Units $58 Date July 1 July 6 July 11 July 14 July 21 July 27 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 5 July 14 July 21 $ July 27 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 decimal places, e.g. 515.) FIFO MOVING-AVERAGE LIFO The ending inventory under a perpetual inventory systems SHOW LIST OF ACCOUNTS LINK TO TEXT Which costing method produces the highest ending inventory valuation? nethod produces the highest ending inventory valuation. Average-cost FIFO LIFO I like to Show Work for this question: Open Show Work
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