Rumel, Financial Accounting, 9e Help Sitem Announcements Return Blackboard CALCULATO PRINTER VERSION 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 BACK NEXT Units Purchases Unit Cost Sales Units $70 Date July 1 July 6 July 11 July 14 July 21 July 27 Calculate average cost for each unit (For calculation to 2 decimal places 15.25) July 1 $ July 6 s July 11 July 14 July 21 July 27 I Kimmel, Financial Accounting, Se Help System Announcements Return to ackboard July 11 s CALCULATOR PRINTER VERSION July 14 s BACK NEXT July 21 July 27 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, 9-15.25 and ending inventory values to decimal places, e.. 515.) FIFO MOVING-AVERAGE LIFO The ending inventory under a perpetual inventory systems LINK TO TEX Which costing method produces the highest ending inventory valuation? method produces the highest ending inventory valuation LINK TO TEXT Question Attempts 0 of 5 used SAVE POR LATER SUBMIT