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Problem 6-09A Carla Vista Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and
Problem 6-09A Carla Vista Co. 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 $60 Sales Units Date July 1 July 6 July 11 July 14 July 21 July 27 $68 $75 Your answer is partially correct. Try again. Calculate average cost for each unit. (For calculation and answers purpose round unit costs to 2 decimal places, e.g. 15.25.) 60 July 6 July 11 65 July 14 65 July 21 73.75 July 27 73.75 73.75 x Your answer is incorrect. Try again. 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
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