Problem 6-09 Bridgeport Corp. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales, Units Purchases Unit Cost 9 $55 Sales Units 6 Date July 1 July 6 July 11 July 14 July 21 July 27 5 $63 5 7 $70 6 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 115 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.o. 15.25 and ending inventory values to o decimal places, e.g. 515.) FIFO MOVING-AVERAGE LIFO The ending inventory under a perpetual inventory system $ $ which costing method produces the highest ending inventory valuation? + FFL Copy NEW.jpg FFL Copy (pg FFL Copying 7 Calculate average cost for each unit. (For calculation and answers purpose round unit costs to 2 decimal places, .. 15.25.) July 1 $ July $ July 11 $ Buly 14 July 21 July 27 s 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 o decimal places, e.g. 515.) FIFO MOVING AVERAGE LIFO The ending inventory under a perpetual inventory system $ Which costing method produces the highest ending inventory valuation? method produces the highest ending Inventory valuation Click if you would like to show Work for this question: One Show Work Question Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSWER FFL Copy NEW.jpg FFL Copy (1pg FFL Copy.jpg O ob C