Terando 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		20		$114
July	6						16
July	11		28		$130
July	14						12
July	21		32		$140
July	27						24

1. Calculate the average cost per unit at June 1, 6, 11, 14, 21 & 27

2.Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average cost, and (3) LIFO