P6-2B. Computing average cost and preparing a multistep statement of earnings (Learning Objectives 2 & 5) 15-20 min. Refer to the data for Star Line Equipment Inc. in P6-1B. However, assume Star Equipment Inc. uses the average cost method. Requirements 1. Prepare a perpetual inventory record using moving average cost. Round the average unit cost to the nearest cent and all other amounts to the nearest dollar. 2. Prepare a multistep statement of earnings for Star Equipment Inc. for the month of April. Show All