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Question 6 of 7 < > View Policies -/10 !!! Current Attempt in Progress Concord Inc. is a retailer operating in British Columbia. Concord
Question 6 of 7 < > View Policies -/10 !!! Current Attempt in Progress Concord Inc. is a retailer operating in British Columbia. Concord uses the perpetual inventory system. 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 Concord Inc. for the month of January 2022 Date Description Quantity Unit Cost or Selling Price January 1 Beginning inventory 100 $14 January 5 Purchase 141 17 January 8 Sale 112 28 January 10 Sale return January 15 Purchase January 16 Purchase returni January 20 Sale January 25 Purchase On a a 10 28 55 19 5 19 89 33 21 (a1) Calculate the Moving-average cost per unit at January 1,5.8 10. 15. 16, 20 & 25 (Round moving- decimal places, eg. 5.251) Moving-Average Cost per unit January 1 $ January 5 $ January 8 $ January 10 S January 15 per unit answers to 3
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