E64 Refer to the Elmos Music inventory data in E62, except assume that the store uses the moving-weighted-average-cost method. Prepare Elmos Music Stores perpetual inventory record for the guitars on the moving-weighted-average-cost basis. Round average cost per unit to the nearest cent and all other amounts to the nearest dollar.

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Applying the moving-weighted-average-cost method in a perpetual inventory system

Cost of goods sold, $6,100

6 5 Course: Accounting Fundar VitalSource Bookshelf: + X C E6-4 Refer To The Elmo's M + V - X E 0 A https://online.vitalsource.com/#/books/9780135243633/cfi/6/264/4/2/12/4/4/2/2/2@0:0