2 Homework - Part 1 Fall Question 4, E10-1 (similar to) Part 1 of 27 HW Score: 8.33%, 1 of 12 points O Points: 0 of 3 Save Phillip Malone Associates provided the following information regarding its inventory for the current year, its second year of operations. (Click the icon to view the information) Requirement Compute Philip Malone's ending inventory and cost of goods sold under each of the following cost-flow methods assuming that the company uses a perpetual inventory system (round your answer for cost per unit to two decimal places) a. Moving Average b. FIFO CLIFO Requirement a. Compute Phillip Malone's ending inventory and cost of goods sold under the moving average cost-flow method assuming that the company uses a perpetual inventory system Begin by entering Phillip Malone's purchase and sale transactions in chronological order one line at a time, calculating a new moving-average cost per unit after every transaction. (Use a minus sign or parentheses for units sold or for a reduction in cost. Round your answer for cost per unit to the nearest cent) Moving-average Units Average Purchased Unit Cumulative Total 1 Cumulative Cost Transaction (Sold) Cost Units Cost Cost Per Unit Beginning inventory Part 1 Fall e Asso e icon Data table Question 4, E10-1 (similar to) HW Score: 8.33%, 1 of 12 points of 3 - X t llip Ma Sales in company uses a perpetu unit to erage Transaction Units Units Unit Cost Total Cost Beginning inventory 1/1 11,000 $ 23 $ 253,000 Purchases February 8 30,000 24 720,000 at a. C uming that the compan 18,100 506,800 March 15 28 ering F Les for -average cost per unit Subtotal 59,100 $ 1,479,800 Units Sold - April 2 at $43 53,500 rage: April 30 37,500 34 10,600 nsacti July 15 37 35 1,275,000 392,200 Subtotal 107,200 $ 3,147,000 aventor Units Sold-September 1 at $43 28,000 36,500 November 9 32 1,168,000 $ 4,315,000 Total available for sale 143,700 (81,500) Total units sold more help Ending inventory 62,200 Print Done C