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Sunland Co.began operations on July 1 It uses a perpetual inventory system. During July, the company has the following purchases and sales Purchases Date Units
Sunland Co.began operations on July 1 It uses a perpetual inventory system. During July, the company has the following purchases and sales Purchases Date Units Sales Units Unit Cost $150 July 1 5 July 6 3 July 11 $164 July 14 5 July 21 7 $175 July 27 5 (al) Calculate the average cost per unit at July 1, 6, 11, 14, 21 & 27. Round intermediate calculations to decimal places and final answers to 3 decimal places, eg $105.501.) Average cost for each unit July 1 S July 6 S July 11 S July 14 S July 21 S July 27 S e Textbook and Media Save for Later Attempts: 0 of 5 used Submit Answer (a2) Determine the ending inventory under a perpetual inventory system using (1) FIFO, 12 moving average cost, and (3) LIFO. (Round average-cost per unit to 3 decimal places, eg: 12.520 and final answer to decimal places.eg. 1.250.) FIFO MOVING-AVERAGE The ancing inventory under a perpetual inventory system $ S e Textbook and Media Save for later Attempts: 0 of 5 used Submit Answer Which costing method produces the highestanding inventory
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