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I need a detailed explanation to this please Nash's Trading Post, LLC is a retailer operating in Calgary, Alberta. Nash uses the perpetual inventory method.
I need a detailed explanation to this please
Nash's Trading Post, LLC is a retailer operating in Calgary, Alberta. Nash uses the perpetual inventory method. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Nash for the month of January 2022. Date Description Quantity Unit Cost or Selling Price Dec. 31 Ending inventory 159 $18 Jan.2 Purchase 102 Jan. 6 Sale Jan. 9 Purchase Jan. 10 Sale Jan. 23 Purchase Jan. 30 Sale Calculate average cost for each unit. (Round answers to 3 decimal places, e.g. 5.125.) Jan. 1 $ Jan. 2 Jan. 6 Jan. 9 Jan. 10 Jan. 23 $ Jan. 30 $Step by Step Solution
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