Current Attempt in Progress Sunland Company began operations on July 1. It uses a perpetual...
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Current Attempt in Progress Sunland Company began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Units Unit Cost 12 $64 Sales Units 10 Date July 1 July 6 July 11 July 14 July 21 July 27 8 $69 8 10 $74 9 Your answer is 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 ta 64 July 6 $ 64 July 11 $ 68 July 14 $ $ 68 July 21 $ $ 73 July 27 $ ta 73 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 O decimal places, e.g. 515.) FIFO MOVING-AVERAGE LIFO The ending inventory under a perpetual inventory system $ $ $ 202
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