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Save Homework: Homework Chapter 6 Score: 1.56 of 4 pts 5 of 10 (6 completo) % Exercise 6-4 (similar to) HW Score: 66.4%, 26.56 of

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Save Homework: Homework Chapter 6 Score: 1.56 of 4 pts 5 of 10 (6 completo) % Exercise 6-4 (similar to) HW Score: 66.4%, 26.56 of 40 pts Question Help The Lyric Store carries a large inventory of guitars and other musical instruments. Company records indicate the following for a particular line of guitars Date Item Quantity Unit Cost 1 Balance 5 5900 6 Sale 3 8 Purchase 10 826 17 Sale 4 30 Purchase 5 826 First, make an inventory schedule and enter each purchase and sale. Start by entering the opening balance of inventory. Be sure to calculate the balance after cach transaction (Use parentheses or a minus sign in front of the quantity and the total cost when these numbers are subtracted from inventory Round average cost per unit to two decimals (XXX) and total cost to the nearest dollar.) Sep Date Quantity Unit Cost Total Cost Sep Required Assume that the store uses the moving-weighted average cost method. Prepare The Lyric Store's perpetual inventory record for the guitars on the moving-weighted average-cost basis. Round average cost per unit to the nearest cent and all other amounts to the nearest dollar AR

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