Whispering Winds Corp. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Sales Units Date July 1 Units 9 Unit Cost $60 July 6 July 11 $64 July 14 8 $68 July 21 July 27 - Your answer is partially correct. Calculate average cost for each unit. (For calculation and answers purpose round unit costs to 2 decimal places, e.g. 15.25.) July 1 $ July 6 $ July 11 $ 58.50 July 14 $ 58.50 July 21 $ 66.10 July 27 $ 66.10 - Your answer is partially correct. Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average, and (3) LIFO. (For calculation and answers purpose round unit costs to 2 decimal places, e.g. 15.25 and ending inventory values to 0 decimal places, e.g. 515.) FIFO MOVING-AVERAGE LIFO The ending inventory under a perpetual inventory system $ 204 188 234.30 e Textbook and Media List of Accounts Your answer is correct. Which costing method produces the highest ending inventory valuation? FIFO method produces the highest ending inventory valuation. e Textbook and Media List of Accounts