Question 5 Kingbird, Inc. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and Units Purchases Unit Cost $60 Sales Units Date July 1 July 6 July 11 July 14 July 21 July 27 $65 x Your answer is incorrect. 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 July 6 July 11 July 21 July 27