Pharoah 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

July14$140July63July117$150July146July218$161July275

Calculate the average cost per unit at July 1, 6, 11, 14, 21 & 27.(Round answers to 2 decimal places, e.g. $105.50.)

Average cost for each unit

July1$

140

July6$

140

July11$

148.75

July14$

148.75

July21$

158.55

July27$

158.55

Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average cost, and (3) LIFO