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Problem 6-08A al-a2 (Part Level Submission) Lily Inc. is a retailer operating in British Columbia. Lily uses the perpetual inventory method. All sales returns from
Problem 6-08A al-a2 (Part Level Submission) Lily Inc. is a retailer operating in British Columbia. Lily 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 Lily Inc. for the month of January 2020. Date Description Unit Cost or Selling Price Quantity January 1 100 Beginning inventory Purchase $13 16 147 Sale 113 27 10 27 January 5 January 8 January 10 January 15 January 16 January 20 January 25 Sale return Purchase Purchase return 55 18 5 18 94 32 Sale Purchase 18 20 (al) 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 3 decimal places, e.g. 5.251.) Moving-Average Cost per unit January 1 13 January 5 14.785 January 8 14.785 January 10 14.785 January 15 15.370 X January 16 15.370 X January 20 15.370 X January 25 15.879 Click if you would like to Show Work for this question: Open Show Work
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