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Problem 6-08A al-a2 (Part Level Submission) Sheridan Inc. is a retailer operating in British Columbia. Sheridan uses the perpetual inventory method. All sales returns from
Problem 6-08A al-a2 (Part Level Submission) Sheridan Inc. is a retailer operating in British Columbia. Sheridan 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 Sheridan Inc. for the month of January 2020. Unit Cost or Selling Price Date Description Quantity Beginning inventory 100 $13 Purchase 144 16 Sale 111 24 Sale return 10 24 January 1 January 5 January 8 January 10 January 15 January 16 January 20 January 25 Purchase 55 18 Purchase return 5 18 Sale 93 30 Purchase 18 20 (al) 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 January 5 $ January 8 $ January 10 $ January 15 $ January 16 $ January 20 $ January 25 $ Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Attempts: 0 of 5 used
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