Sarasota Corp. 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		13		$58
July 6						10
July 11		9		$62
July 14						9
July 21		12		$66
July 27						11

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, e.g. 15.25 and ending inventory values to 0 decimal places, e.g. 515.)

		FIFO		MOVING-AVERAGE		LIFO
The ending inventory under a perpetual inventory system		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount

Which costing method produces the highest ending inventory valuation? (Average-cost, LIFO, FIFO)

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, e.g. 15.25 and ending inventory values to 6 decimal places, e.g. 515.) FIFO MOVING-AVERAGE LIFO The ending inventory under perpetual inventory system $ $ LINK TO TEXT Which costing method produces the highest ending inventory valuation? method produces the highest ending inventory valuation. LINK TO TEXT