Problem 6-09A Novak Corp. 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 9 $68 July 6 6 July 11 5 $76 July 14 5 July 21 7 $83 July 27 6 Partially correct answer. 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.) July 1 $enter a dollar amountEntry field with correct answer 68 July 6 $enter a dollar amountEntry field with correct answer 68 July 11 $enter a dollar amountEntry field with incorrect answer 86 July 14 $enter a dollar amountEntry field with incorrect answer 86 July 21 $enter a dollar amountEntry field with incorrect answer 83.67 July 27 $enter a dollar amountEntry field with incorrect answer 83.67 Incorrect answer. 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 0 decimal places, e.g. 515.) FIFO MOVING-AVERAGE LIFO The ending inventory under a perpetual inventory system $enter a dollar amountEntry field with incorrect answer 249 $enter a dollar amountEntry field with incorrect answer 204 $enter a dollar amountEntry field with incorrect answer 612 Correct answer. Your answer is correct. Which costing method produces the highest ending inventory valuation? select a methodEntry field with correct answer method produces the highest ending inventory valuation.