Hello,

Can someone please help me find the ending inventory for the "moving-average cost"? (see below in red)

Coronado Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was3sets at $460each. On January 10, Coronado purchased6units at $600each. The company sold2units on January 8 and5units on January 15.

Your answer is correct. Compute the ending inventory under LIFO. (Round answer to 0 decimal places, e.g. 1,250.) LIFO The ending inventory 1060 LINK TO TEXT x Your answer is incorrect. Try again. 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.) MOVING-AVERAGE COST X The ending inventory 1106.66