Question 5 Splish Brothers Inc. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Date Units Unit Cost Sales Units $118 13 July 1 10 July 6 $126 6 July 11 6 July 14 $136 July 21 July 27 6 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 14 July 21 July 27 Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-a unit costs to 2 decimal places, e.g. 15.25 and ending inventory values to 0 decimal places, e.g. 515.) and (3) LIFO. (For calculation and answers purpose round FIFO MOVING-AVERAGE LIFO The ending inventory under a perpetual inventory system