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Sheridan Center began operations on July 1. It uses a perpetual inventory system. During July, the company purchases and sales. Purchases Date Units Unit Cost

image text in transcribedimage text in transcribedimage text in transcribed Sheridan Center began operations on July 1. It uses a perpetual inventory system. During July, the company purchases and sales. Purchases Date Units Unit Cost Sales Units July 1 9 $70 July 6 July 11 $78 July 14 5 July 21 7 $85 July 27 Calculate weighted-average unit cost. (Round answers to 3 decimal places, e.g. 15.251.) July 1 $ +A A "A $ July 6 July 11 July 14 July 21 A 70 70 75 15 75 82 82 July 27 $ 82 32 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 3 decimal places, eg. 15.251 and ending inventory values to O decimal places, e.g. 515.) FIFO MOVING-AVERAGE Ending inventory $ $ LIFO

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