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Problem 6-08A a1-a2 (Part Level Submission) Coronado Inc. is a retailer operating in British Columbia. Coronado uses the perpetual inventory method. All sales returns from
Problem 6-08A a1-a2 (Part Level Submission) Coronado Inc. is a retailer operating in British Columbia. Coronado uses the perpetual inventory method. All sales returns from customers result in the goods being returned to inventory; the inventory is not damaged. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Coronado Inc. for the month of January 2020. Unit Cost or Selling Price Quantity 100 149 January 1 January 5 January 8 January 10 January 15 January 16 January 20 January 25 Description Beginning inventory Purchase Sale Sale return Purchase Purchase return Sale Purchase (a1) Your answer is partially correct. Try again. Calculate the Moving average cost per unit at January 1, 5, 8, 10, 15, 16, 20, & 25. (Round answers to Moving-Average Cost per unit January 1 13 January 5 14.795 January 8 14.795 January 10 14.795 January 15 19.768 January 16 20.231 January 20 20.231 January 25 34.594 Click if you would like to Show Work for this question: Open Show Work
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