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Metlock, Inc. is a retailer operating in Calgary, Alberta. Metlock uses the perpetual inventory method. Assume that there are no credit transactions; all amounts are

Metlock, Inc. is a retailer operating in Calgary, Alberta. Metlock 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 Metlock for the month of January 2022.

Date Description quantity unit cost or selling price
Dec. 31 Ending Inventory 160 20
Jan. 2 Purchase 96 22
Jan. 6 Sale 180 39
Jan. 9 Purchase 76 24
Jan. 10 Sale 56 45
Jan. 23 Purchase 114 25
Jan. 30 Sale 140 48

Calculate average cost for each unit. (Round answers to 3 decimal places, e.g. 5.125.)

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