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Problem 6-09A al-a2, b (Part Level Submission) Sandhill Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had
Problem 6-09A al-a2, b (Part Level Submission) Sandhill 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 5 $170 3 6 $184 July 1 July 6 July 11 July 14 July 21 July 27 5 7 $195 5 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 1 170 July 6 170 July 11 180.50 July 14 180.50 July 21 190.65 41 July 27 190.65 Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving average cost, and (3) LIFO. (Round average-cost per unit to 2 decimal places, e.g. 12.52 and final answer to 0 decimal places, e.g. 1,250.) FIFO MOVING-AVERAGE LIFO The ending inventory under a perpetual inventory system $
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