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Homework chapter 6 of accounting The Lyric Store carries a large inventory of guitars and other musical instruments. Company records indicate the following for a

Homework chapter 6 of accounting

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The Lyric Store carries a large inventory of guitars and other musical instruments. Company records indicate the following for a particular line of guitars. Date Item Quantity Unit Cost Apr. 1 Balance $900 WU Apr. 6 Sale Apr. 8 Purchase 10 838 Apr. 17 Sale 4 Apr. 30 Purchase 5 838 Required Assume that the store uses the moving-weighted-average-cost method. Prepare The Lyric Store's 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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