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Lily Inc is a retailer operating in British Columbia. Lily uses the perpetual inventory system. All sales returns from customers result ithe goods being returned

 

image text in transcribedimage text in transcribed Lily Inc is a retailer operating in British Columbia. Lily uses the perpetual inventory system. All sales returns from customers result ithe goods being returned to inventory: the inventory is not damaged. Assume that there are no credit transactions; all amounts aresettled in cash. You are provided with the following information for Lily Inc for the month of January 2027.DateDescriptionQuantityUnit Cost or Selling PriceJanuary 1Beginning inventory100$12January 5Purchase13515January 8Sale11023January 10Sale return1023January 15Purchase5517January 16Purchase return517January 20Sale8528January 25Purchase1719 Calculate the Moving-average cost per unit at January 1, 5, 8. 10, 15, 16, 20, & 25. (Round moving-average cost per unit answers todecimal places, e.g. 5.251.)Moving-Average Cost per unitJanuary 1LA12January 513.723January 813.723January 1013.723January 15January 16January 20January 25

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