Question 5 Flint Corporation began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Unit Cost Units Sales Units Date $135 July 1 1 July 6 11 $144 July 11 July 14 $155 July 21 July 27 Calculate average cost for each unit. (For calculation and answers purpose round unit costs to 2 decimal places, e.g. 15.25.) July 1 ly 6 S July 11 July 14 July 21 s July 27 (1) FIFO, (2) moving-average, and (3) LIFO. (For calculation and answers purpose round unit costs to 2 decimal places, e.g. Determine the ehding nventory de d perpecua ry ay 0 decimal places, and ending inventory values FIFO MOVING AVERAGE LIFO The ending inventory under perpetual inventory system LINK TO TEXT Which costina method produces the highest ending inventory valuation? method produces the highest ending inventory valuation