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I need help finding the unit cost for quantity of 12 mathxl.com G n G Do Homework Do Homework - Homework Chapter 6 Do Homework
I need help finding the unit cost for quantity of 12
mathxl.com G n G Do Homework Do Homework - Homework Chapter 6 Do Homework - Homework Chapter 6 + ACCT 1025, W21 Section 4 Sameer Nasir : 03/28/21 7:12 PM Homework: Homework Chapter 6 Save Score: 6.49 of 7 pts 1 3 of 6 (6 complete) HW Score: 98.29%, 29.49 of 30 pts Question Help Exercise 6-4 (similar to) 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 Quantity Unit Cost Item First, make an inventory schedule and enter each purchase and sale. Start by entering the opening balance of inventory. Be sure to calculate the balance after each transaction. (Use parentheses or a minus sign in front of the quantity and the total cost when those numbers are subtracted from inventory. Round average cost per unit to two decimals (X.XX) and total cost to the nearest dollar.) Apr. $1,020 Date Quantity 1 Balance 6 Sale 8 Purchase 17 Sale 30 Purchase Total Cost 954 4 2 10 4 5 Unit Cost 1,020.00 Apr. 1 4 954 4,080 (2,040) 6 (2) 1,020.00 1,020.00 Bal. 2 2,040 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. 8 10 954 9,540 Bal. 12 Enter any number in the edit fields and then click Check Answer 3 remaining Clear All CheckStep by Step Solution
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