Question
Purchases Date Units Unit Cost Sales Units July 1 9 $70 July 6 6 July 11 5 $78 July 14 5 July 21 7 $85
Purchases Date Units Unit Cost Sales Units July 1 9 $70 July 6 6 July 11 5 $78 July 14 5 July 21 7 $85 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 July 6 $enter a dollar amountEntry field with correct answer July 11 $enter a dollar amountEntry field with incorrect answer now contains modified data July 14 $enter a dollar amountEntry field with incorrect answer July 21 $enter a dollar amountEntry field with incorrect answer July 27 $enter a dollar amountEntry field with incorrect answer 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 $enter a dollar field with incorrect answer method produces the highest ending inventory valuation.
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