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18 omework (similar to) 70, 35.98 OP 82 points Points: 2.15 of 8 Part 3 of 6 Save The Wonderful World of Music Store carnes
18 omework (similar to) 70, 35.98 OP 82 points Points: 2.15 of 8 Part 3 of 6 Save The Wonderful World of Music Store carnes a large inventory of guitars and other musical instruments Company records indicate the following for a particular line of guitars Date Item Quantity Unit Cost First, make an inventory schedule and enter each purchase and sale Start by entering the opening balance of inventory Be sure to calculate the balance after each transaction (Use parentheses or a minus sign in front of the quantity and the total cost when those numbers are subtracted from inventory. Round average cost per unit to two decimals (X.XX) and total cost to the nearest dollar.) Jun $1,000 1 Balance 6 Sale 8 Purchase 17 Sale 30 Purchase 4 2 10 4 5 922 Date Quantity Unit Cost Total Cost 922 Jun 1 4 1 000 00 4 000 6 (2) 1 000 00 (2000) Bal 2 1 000 00 2.000 Required Assume that the store ses the moving-weighted average-cost method Prepare The Wonderful World of Music Store's perpetual inventory record for the guitars on the moving weighted average-cost basis Round average cost per unit to the nearest cent and all other amounts to the nearest dollar CO 8 10 922 9220 Bal 12 11220
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