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Sunland Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Date

Sunland 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 $150

July

6

3

July

11

6 $164

July

14

5

July

21

7 $175

July

27

5

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Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average cost, and (3) L average-cost per unit to 3 decimal places, e.g. 12.520 and final answer to O decimal places, e.g. 1,250.) The ending inventory under a perpetual inventory system $ FIFO $ MOVING-AVERAGE

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