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Problem 6-8A (Part Level Submission) Mercer Inc. is a retailer operating in British Columbia. Mercer uses the perpetual inventory method. All sales returns from customers

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Problem 6-8A (Part Level Submission) Mercer Inc. is a retailer operating in British Columbia. Mercer 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 Mercer Inc. for the month of January 2015 Unit Cost or Selling Price Date Description Quantity January 1 inventory January 5 Purchase January 8 Sale January 10 Sale return January 15 Purchase January 16 Purchase return January 20 Sale January 25 Purchase Beginning 200 $15 18 27 27 20 20 29 21 280 220 20 110 10 180 40 (a1) Your answer is partially correct. Try again Calculate the Moving-average cost per unit at January 1, 5, 8, 15, 20, & 25. (Round answers to 3 decimal places, e.g. $5.251 Moving-Average Cost per u anuary1 16.75 January5 16.75 January8 16.75 anuary 10 Calculate the Moving-average cost per unit at January 1, 5, 8, 15, 20, & 25. (Round answers to 3 decimal places, e.g. $5.251.) unit Moving-Average Cost per January1 16.75 anuary 5 anuary 8 anuary 10 16.75 16.75 January 15 anuary 16 anuary 20 January 25

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