Accounting 38

Lyon Center began operations on July 1. It uses a perpetual inventory system. During July the company had the following purchases and sales.
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 0 decimal places e.g. 515.)

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