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Sandhill Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Date
Sandhill Co. 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 July 1 5 $170 July 6 July 11 6 $184 July 14 5 July 21 $195 July 27 5 (a1) Calculate the average cost per unit at July 1. 6. 11, 14, 21 & 27. (Round intermediate calculations to O decimal places and final answers to 3 decimal places, e.g. $105.501.) Average cost for each unit July 1 $ July 6 $ July 11 $ July 14 $ July 21 $ July 27 27 $ eTextbook and Media OE 24 $ S5 L 32 8 5 Dil DO 17. " A TW 9 & T O (a2) 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 3 decimal places, eg. 12.520 and final answer to O decimal places, eg. 1,250.) FIFO MOVING-AVERAGE The ending inventory under a perpetual inventory system $ $ $ eTextbook and Media Save for Later (b) Your answer is correct. 80 2 02 S5 85 L ^ Attempts: 0 of 5 used Submit Answer 44 Dll 4 TO 15 F10 310 & * O
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