Question
ANSWER IS NOT 22.333 for Jan 9 and Jan 10 Bieber Inc. is a retailer operating in Calgary, Alberta. Bieber uses the perpetual inventory method.
ANSWER IS NOT 22.333 for Jan 9 and Jan 10
Bieber Inc. is a retailer operating in Calgary, Alberta. Bieber uses the perpetual inventory method. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Bieber for the month of January 2022.
Date | Description | Quantity | Unit Cost or Selling Price | |||
---|---|---|---|---|---|---|
Dec. 31 | Ending inventory | 160 | $20 | |||
Jan. 2 | Purchase | 100 | 22 | |||
Jan. 6 | Sale | 180 | 40 | |||
Jan. 9 | Purchase | 75 | 24 | |||
Jan. 10 | Sale | 50 | 45 | |||
Jan. 23 | Purchase | 100 | 25 | |||
Jan. 30 | Sale | 130 | 48 |
Partially correct answer icon
Your answer is partially correct.
Calculate average cost for each unit. (Round answers to 3 decimal places, e.g. 5.125.)
Jan. 1 | $enter a dollar amount | |
---|---|---|
Jan. 2 | $enter a dollar amount | |
Jan. 6 | $enter a dollar amount | |
Jan. 9 | $enter a dollar amount | |
Jan. 10 | $enter a dollar amount | |
Jan. 23 | $enter a dollar amount | |
Jan. 30 | $enter a dollar amount |
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