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Determine ending inventory under a perpetual inventory

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Reference no: EM131987130

Question - Lambert Center began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales.

Purchases Table

Date - Units - Unit Cost - Sales Units

July 1 12 units $105

July 6 8 sales units

July 11 5 units $111

July 14 5 sales units

July 21 7 units $120

July 27 5 sales units

Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average, and (3) LIFO.

Reference no: EM131987130

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