Exercise 6-12 Swifty Frame Camera Shop uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. Item Units Unit Cost Market Value Cameras: Minolta 7 $160 $155 Canon 6 150 152 Light meters: Vivitar 12 122 115 Kodak 120 135 Determine the amount of the ending inventory by applying the lower-of-cost-or-net realizable value basis. The ending inventory $Problem 6-08A a1-a2 (Part Level Submission) Vaughn Inc. is a retailer operating in British Columbia. Vaughn uses the perpetual inventory method. 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 Vaughn Inc. for the month of January 2020. Unit Cost or Date Description Quantity Selling Price January Beginning inventory 100 $15 January 5 Purchase 144 January Sale 112 30 January 10 Sale return 10 30 January 15 Purchase 55 20 January 16 Purchase return 5 20 January 20 Sale 92 35 January 25 Purchase 20 22 (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 January 5 January B January 10 January 15 January 16 January 20 S January 25 Click if you would like to Show Work for this question: Open Show Work