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Problem 6-09A Oriole Company began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales.
Problem 6-09A Oriole Company began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Unit Cost $58 Sales Units o Date July 1 July 6 July 11 July 14 July 21 July 27 $62 $66 Calculate average cost for each unit. (For calculation and answers purpose round unit costs to 2 decimal places, e.g. 15.25.) July 1 s 580 July 6 $ 116 July 11 s July 14 $ July 21 s 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 systems SHOW LIST OF ACCOUNTS LINK TO TEXT 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: Open Show Work
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