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Splish Brothers Inc. is a retailer operating in British Columbia. Splish Brothers uses the perpetual inventory method. All sales returns from customers result in the

Splish Brothers Inc. is a retailer operating in British Columbia. Splish Brothers uses the perpetual inventory method. 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 Splish Brothers Inc. for the month of January 2020.

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Date Description Quantity Unit Cost or Selling Price January Beginning inventory 150 $15 January 5 Purchase 210 18 January 8 Sale 165 28 January 10 Sale return 15 28 January 15 Purchase 83 20 January 16 Purchase return 8 20 January 20 Sale 135 32 January 25 Purchase 30 22 (a 1) Your answer is partially correct. Calculate the Moving-average cost per unit at January 1, 5, 8, 10, 15, 16, 20, & 25. (Round answers to 3 decimal places, e.g. 5.252.) Moving-Average Cost per unit January 1 $ 15 January 5 $ 16.750 January 8 $ 16.750 $ January 10 16.750 $ January 15 17.670 January 16 $ 17.667 January 10 16.750 January 15 $ 17.670 January 16 $ 17.667 January 20 17.667 January 25 $ 18.180 e Textbook and Media

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