Current Attempt in Progress Oriole Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Date July 1 July 6 July 11 July 14 July 21 July 27 July Units Unit Cost July 11 July 14 July Purchases July 1 $ 4 (b) 7 27 8 Calculate the average cost per unit at July 1, 6, 11, 14, 21 & 27. (Round intermediate calculations to O decimal places and final answers to 3 decimal places, e.g. $105.501.) 6 $ LA Save for Later July 21 $ tA $ $ Average cost for each unit tA $ $140 $150 eTextbook and Media $161 Sales Units 3 e Textbook and Media 6 Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average cost, and (3) LIFO. (Round average-cost per unit to 3 decimal places, e.g. 12.520 and final answer to O decimal places, e.g. 1,250.) 5 The ending inventory under a perpetual inventory system Which costing method produces the highest ending inventory? $ FIFO LA $ MOVING-AVERAGE Attempts: 0 of 5 used Submit Answer $
Current Attempt in Progress Oriole Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Date July 1 July 6 July 11 July 14 July 21 July 27 July Units Unit Cost July 11 July 14 July Purchases July 1 $ 4 (b) 7 27 8 Calculate the average cost per unit at July 1, 6, 11, 14, 21 & 27. (Round intermediate calculations to O decimal places and final answers to 3 decimal places, e.g. $105.501.) 6 $ LA Save for Later July 21 $ tA $ $ Average cost for each unit tA $ $140 $150 eTextbook and Media $161 Sales Units 3 e Textbook and Media 6 Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average cost, and (3) LIFO. (Round average-cost per unit to 3 decimal places, e.g. 12.520 and final answer to O decimal places, e.g. 1,250.) 5 The ending inventory under a perpetual inventory system Which costing method produces the highest ending inventory? $ FIFO LA $ MOVING-AVERAGE Attempts: 0 of 5 used Submit Answer $
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