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Pharoah Company is a retailer operating in Calgary, Alberta. Pharoah Company uses the perpetual inventory method. Assume that there are no credit transactions; all
Pharoah Company is a retailer operating in Calgary, Alberta. Pharoah Company 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 Pharoah Company for the month of January 2022. Date Description Quantity Unit Cost or Selling Price Dec. 31 Ending inventory 148 Jan. 2 Purchase 104 $18 20 Jan. 6 Sale 162 Jan. 9 Purchase Jan. 10 Sale Jan. 23 Purchase 252 68 50 97 Jan. 30 Sale 122 2 2 2 2 2 2 4 37 22 23 (a1) Calculate average cost for each unit. (Round answers to 3 decimal places, e.g. 5.125.) Jan. 1 Jan. 2 +A A Jan. 6 Jan. 9 LA Jan. 10 +A Jan. 23 A Jan. 30 +A SA
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