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Problem 6-8A Wildhorse Co. is a retailer operating in Calgary, Alberta. Wildhorse Co. uses the perpetual inventory method. Assume that there are no credit transactions;
Problem 6-8A Wildhorse Co. is a retailer operating in Calgary, Alberta. Wildhorse Co. 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 Wildhorse Co. for the month of January 2017 Date Dec. 31 Jan. 2 Jan. 6 Jan. 9 Jan. 10 Jan. 23 Jan. 30 Description Ending inventory Purchase Sale Purchase Sale Purchase Sale Quantity 148 98 184 80 52 94 130 Unit Cost or Selling Price $22 24 39 26 27 47 Calculate average cost for each unit. (Round answers to 3 decimal places, e.g. 5.125.) Jan. 1 Jan. 2 Jan. 6 Jan. 9 Jan. 10 an. 23
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