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Problem 6-OBA al-a2 (Part Level Submission) Metlock, Inc. is a retailer operating in Calgary, Alberta. Metlock uses the perpetual inventory method. Assume that there are
Problem 6-OBA al-a2 (Part Level Submission) Metlock, Inc. is a retailer operating in Calgary, Alberta. Metlock 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 Metlock for the month of January 2022. Quantity Unit Cost or Selling Price 160 96 180 Date Dec. 31 Jan. 2 Jan. 6 Jan. 9 Jan. 10 Jan. 23 Jan. 30 Description Ending inventory Purchase Sale Purchase Sale Purchase Sale 140 (al) Calculate average cost for each unit. (Round answers to 3 decimal places, e.g. 5.125.) Jan. 1 s s + Jan. 2 Jan. 4 + + + Jan. 23 Jan. 30 WA
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