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Bianca sells water bottles for $5 each. At the start of this year, she had 10 bottles which had cost $2 each. Her first purchase

Bianca sells water bottles for $5 each. At the start of this year, she had 10 bottles which had cost $2 each. Her first purchase of the year (Jan 18) was at $3 per bottle and the second purchase (Jan 30) was at $4 per bottle. biancas water bottle purchase and sale summary for January is as follows:

Date

Quantity purchased

Quantity sold

January 2

2

January 8

3

January 14

4

January 18

12

January 22

6

January 28

5

January 30

10

January 31

2

Assuming she uses the moving-weighted-average-cost method, what are Biancas journal entries for the Jan 22 and Jan 31 sales? Assuming she uses the Moving-Weighted-Average-Cost method, what is the value of Biancas ending inventory? Assuming she uses the Moving-Weighted-Average-Cost method, what is Biancas Cost of Goods Sold Expense for January?

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