Solution-Which costing method produces the highest ending

Which costing method produces the highest ending

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Reference no: EM13531035

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

Date	Units	Unit Cost	Sales Units
Jul-01	7	$62
Jul-06			5
Jul-11	3	$66
Jul-14			3
Jul-21	4	$71
Jul-27			3

Instructions

(a) Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average (round unit cost to three decimal places), and (3) LIFO.

(b) Which costing method produces the highest ending inventory valuation?

Reference no: EM13531035

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Which costing method produces the highest ending

Reference no: EM13531035

Reference no: EM13531035

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