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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

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

New attempt is in progress. Some of the new entries may impact the last attempt grading.

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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