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Sarasota Corp. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Units

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Sarasota Corp. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Units Unit Cost 13 $58 Sales Units 10 Date July 1 July 6 July 11 July 14 July 21 July 27 9 $62 9 12 $66 11 Your answer is partially correct. 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 58.00 July 6 58.00 X July 11 59.07 July 14 59.07 July 21 60.13 July 27 60.13 xl Your answer is incorrect. Try again. Determine the ending inventory under a perpetual Inventory system using (1) FIFO (2) moving average, and (b) uro. (For calculation and answers purpose round unit costs to 2 decimal places, e.g. 15.25 and ending Inventory values to decimal placer eg. 515.) FIFO MOVING-AVERAGE LIFO The ending inventory under a perpetual inventory system SHOW LIST OF ACCOUNTS LINK TO TEXT

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