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
July	1		4		$140
July	6						3
July	11		7		$150
July	14						6
July	21		8		$161
July	27						5

Question 2 Pharoah Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases Purchases Date Units Unit Cost Sales Units 4 $140 3 7 $150 July 1 July 6 July 11 July 14 July 21 July 27 6 8 $161 5 (a1) Your answer is correct. 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 July 1 140.00 July 6 140.00 July 11 148.75 July 14 148.75 July 21 158.55 Lluly 21 158.55 July 27 SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 1 of 4 used (2) your answer is partially correct. Try again, Determine the ending Invertory under a perpetual Inventory system using (1) HF0,0) moving-average cost, and (1) ITED. (Round average-cost per unit to 2 decimal places, e.g. 12.52 and final answer to o decimal places, e.g. 1,250.) FIFO MOVING-AVERAGE LIFO The ending inventory under a perpetual inventory systern 20.CIO LINK TO TEXT Attempts: 3 of 4 used SAVE FOR LATER SUBMIT ANSWER (b) The parts or this question prest de corrpleted in order. This car will be available where you complete the care above