Tom Pryor is conducting an audit of the computerized inventory system used by Zix Corporation. Tom has inserted hypothetical data into the computer program that tracks inventory on a perpetual basis. Below are the hypotheical data inserted by Tom: Transaction Beginning inventory Purchase, day 1 Sale, day 2 Purchase, day 3 Sale, day 4 Units 10 5 6 8 9 Cost per $10 $11 $12 unit The computer program returned the following ending inventory values: FIFO perpetual, $96 $80 Moving average, $88 LIFO perpetual, Which of the three values appears to be incorrect, and what "error" might be causing this condition?

Tom Pryor is conducting an audit of the computerized inventory system used by Zix Corporation. Tom has inserted hypothetical data into the computer program that tracks inventory on a perpetual basis. Below are the hypotheical data inserted by Tom: The computer program returned the following ending inventory values: FIFO perpetual, \$96 LIFO perpetual, $80 Moving average, $88 Which of the three values appears to be incorrect, and what "error" might be causing this condition