roblem 6-09A 1-2, b Cullumber Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales Purchases Sales Units Date Units Unit Cost $130 July 1 5 July 6 3 July $144 11 6 July 14 July 21 7 $155 July 27 5 Calculate the average cost per unit at July 1, 6, 11, 14, 21 & 27. (Round answers to 2 decimal places, e.g. $105.50.) Average cost for each unit July 1 130 July 6 130 $ 140.50 July 11 July 14 140.50 July 14 140.50 July 21 150.65 July 27 150.65 LINK TO X Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average cost, and (3) LIFO. (Round average-cost per unit to 2 decimal places, e.g. 12.52 and final answer to 0 decimal places, e.g. 1,250.) MOVING-AVERAGE FIFO LIFO 5 The ending inventory under a perpetual inventory system LINK TO X Which costing method produces the highest ending inventory valuation? FIFO method Click if you would like to Show Work for this question: Open Show Work