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Stellar began operations on February 1. It uses a perpetual inventory system. During February, the company had the following purchases and sales. Purchases Date Units

Stellar began operations on February 1. It uses a perpetual inventory system. During February, the company had the following purchases and sales.

Purchases
Date Units Unit Cost Sales Units
Feb. 1 12 $108
Feb. 6 9
Feb. 11 8 $126
Feb. 14 5
Feb. 21 6 $142
Feb. 27 4

Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average, and (3) LIFO. (Round average cost per unit to 3 decimal places, e.g. 1.286 and final answers to 0 decimal places, e.g. 5,125.)

FIFO Moving-Average LIFO
Ending inventory $ $ $

Which costing method produces the highest ending inventory valuation?

method produces the highest ending inventory valuation.

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