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
Date		Units		Unit Cost		Sales Units
July 1		9		$60
July 6						7
July 11		6		$64
July 14						6
July 21		8		$68
July 27						7

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		$
July 14		$
July 21		$
July 27		$

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		$enter a dollar amount