RequirementCompute James RoyJames Roy?'s ending inventory and cost of goods sold under each of the following? cost-flow methods assuming the company uses a perpetual inventory system? (round your answer for cost per unit to two decimal? places): a. Moving Average b. FIFO C. LIFO.

Requirement a. Compute

James RoyJames Roy?'s ending inventory and cost of goods sold under the? moving-average cost-flow method assuming the company uses a perpetual inventory system.

Begin by entering

James RoyJames Roy?'s

purchase and sale transactions in chronological order one line at a? time, calculating a new? moving-average cost per unit after every transaction. ?(Use a minus sign or parentheses for units sold or for a reduction in cost. Round your answer for cost per unit to the nearest? cent.)

Moving-average:	Units					Average
	Purchased	Unit	Cumulative	Total	Cumulative	Cost
Transaction	(Sold)	Cost	Units	Cost	Cost	Per Unit
Beginning inventory

Purchase - February 8

Purchase - March 15

Sale - April 2

Purchase - April 30

Purchase - July 15

Sale - September 1

Purchase - November 9

Under the? average-cost method,

James RoyJames Roy?'s

total cost of ending inventory is ?_ and the cost of goods sold for the year is ?$__

Data Table Sales in Transaction Beginning inventory 1/1 Purchases Units Units 9,000 17 $ 153,000 25,000 19,000 53,000 25 625,000 26 494,000 $1,272,000 February 8 March 15 Subtotal Units Sold - April 2 at $37 50,500 April 30 July 15 36,500 13,600 103,100 33 1,204,500 37 503,200 $2,979,700 Subtotal 27,000 Units Sold September 1 at $43 November 9 Total available for sale Total units sold 35,500 138,600 (77,500) 61,100 28 994,000 $ 3,973,700 Ending inventory PrintDone