Question 5 Pharoah 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 Units Date July 1 July 6 July 11 July 14 July 21 July 27 678 Calculate average cost for each unit. (For ciflculation and answers purpose round unit costs to 2 decimal places, e.g. 15.25.) July 19 70 July 63 July 11 July 14 July 21 July 27 LINK TO TEXT CALCULATOR PRINTER VERSION BACK NE uly 24 s BRE wuly 21 s uly 27 s LINK TO TEXT 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 decimal places, e.g. 515.) FIFO M OVING-AVERAGE LIFO The ending inventory under a perpetual investory systems Which costing method produces the highest ending inventory valuation? method produces the highest ending inventory valuation LINK TO TEXT SAVE FOR LATER SUBMIT ANSWER Question Attempts: 0 of 5 used