Question
Bonita Inc. is a retailer operating in British Columbia. Bonita uses the perpetual inventory system. All sales returns from customers result in the goods being
Bonita Inc. is a retailer operating in British Columbia. Bonita uses the perpetual inventory system. All sales returns from customers result in the goods being returned to inventory; the inventory is not damaged. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Bonita Inc. for the month of January 2022.
Date | Description | Quantity | Unit Cost or Selling Price | ||||||
---|---|---|---|---|---|---|---|---|---|
January | 1 | Beginning inventory | 100 | $12 | |||||
January | 5 | Purchase | 141 | 15 | |||||
January | 8 | Sale | 110 | 25 | |||||
January | 10 | Sale return | 10 | 25 | |||||
January | 15 | Purchase | 55 | 17 | |||||
January | 16 | Purchase return | 5 | 17 | |||||
January | 20 | Sale | 91 | 31 | |||||
January | 25 | Purchase | 17 | 19 |
(a1)
Calculate the Moving-average cost per unit at January 1, 5, 8, 10, 15, 16, 20, & 25. (Round answers to 3 decimal places, e.g. 5.251.)
Moving-Average Cost per unit | ||
---|---|---|
January 1 | $enter a dollar amount rounded to 3 decimal places | |
January 5 | $enter a dollar amount rounded to 3 decimal places | |
January 8 | $enter a dollar amount rounded to 3 decimal places | |
January 10 | $enter a dollar amount rounded to 3 decimal places | |
January 15 | $enter a dollar amount rounded to 3 decimal places | |
January 16 | $enter a dollar amount rounded to 3 decimal places | |
January 20 | $enter a dollar amount rounded to 3 decimal places | |
January 25 | $enter a dollar amount rounded to 3 decimal places |
Please help me with this problem
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