Problem 6-9A Farman Appliance Mart began operations on May 1. It uses a perpetual inventory system. During May, the company had the following purchases and sales for its Model 25 Sureshot cam

Problem 6-9A

Farman Appliance Mart began operations on May 1. It uses a perpetual inventory system. During May, the company had the following purchases and sales for its Model 25 Sureshot camera.

Purchases

Date Units Unit Cost Sales Units

May 1 210 $153

May 4 120

May 8 240 $173

May 12 150

May 15 180 $188

May 20 90

May 25 120

(a1)

Your answer is correct.

Calculate the average cost per unit at May 1, 4, 8, 12, 15, 20 & 25. (Round answers to 3 decimal places, e.g. $105.252.)

Average cost for each unit

May 1 $ 153

May 4 $ 153

May 8 $ 167.545

May 12 $ 167.545

May 15 $ 177.772

May 20 $ 177.772

May 25 $ 177.772

Please answer the question below:

(a2)

Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average cost, and (3) LIFO. (Round answers to 0 decimal places, e.g. $2,150.)

The ending inventory under a perpetual inventory system $ $ $

1) FIFO

2)MOVING-AVERAGE

3)LIFO

Please answer the a2 question.

Thanks!

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