Problem 6-09 Oriole Company began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Units Unit Cost 10 $58 Sales Units Date July 1 July 6 July 11 July 14 July 21 July 27 8 6 $62 8 $66 7 Calculate average cost for each unit. (For calculation and answers purpose round unit costs to 2 decimal places, e.g. 15.25.) July 1 5 July 6 5 July 11 5 July 14 $ July 21 July 27 s Determine the ending Inventory under a perpetual inventory system using (1) FIFO (2) moving average, and (3) UFO (for calculation and answers purpose round une costs to 2 de values to 0 decimal placer 9. 515.) FIFO MOVING-AVERAGE LIFO The ending inventory under a perpetual inventory systems Which costing method produces the highest ending inventory valuation? method produces the highest ending inventory valuation