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Concord Inc. is a retailer operating in British Columbia. Concord uses the perpetual inventory system. All sales returns from customers result in the goods being

Concord Inc. is a retailer operating in British Columbia. Concord 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 Concord Inc. for the month of January 2022. image text in transcribed
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Concord Inc. is a retailer operating in British Columbia. Concord 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 Concord Inc. for the month of January 2022 Unit Cost or Selling Price Date Quantity Description Beginning inventory January 1 100 $10 January 5 Purchase 140 15 January 8 Sale 110 25 January 10 Sale return 10 25 January 15 55 15 Purchase Purchase return January 16 5 15 January 20 Sale 90 27 January 25 Purchase 20 20 Calculate the average unit cost at January 1, 5, 8, 10, 15, 16, 20,& 25. (Round total cost to O decimal places, e.g. 1,500 and final answers to 3 decimal places, e.g. 5.251.) Average Unit Cost January 1 $ January 5 $ January 8 $ January 10 $ January 15 $ January 16 $ January 20 $ January 25 $ eTextbook and Media Save for Later Attempts:O of 10 used Submit

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