Sweet Acacia Industries began operations on July 1. It uses a perpetual inventory system. During...
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Sweet Acacia Industries 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 7 $72 July 6 4 July 11 3 $76 July 14 3 July 21 4 $81 3 July 27 Calculate average cost for each unit. (For calculation and answers purpose round unit costs to 2 decimal places, eg, 15.25.) July 1 $ 72 July 6 $ 72 July 11 $ 74 July 14 $ 74 July 21 $ 78 July 27 $ 78 e Textbook and Media List of Accounts 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, eg, 15.25 and ending inventory values to decimal places, eg. 515.) FIFO MOVING-AVERAGE LIFO The ending inventory under a perpetual inventory system $ $ $
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