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Bramble Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was3sets at $610each. On January 10, Bramble purchased6units at
Bramble Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was3sets at $610each. On January 10, Bramble purchased6units at $705each. The company sold2units on January 8 and4units on January 15.
Compute the ending inventory under moving-average cost.(Round average-cost per unit to 2 decimal places, e.g. 12.50 and final answer to 0 decimal places, e.g. 1,250.)
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