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Swifty Inc. is a retailer operating in British Columbia. Swifty uses the perpetual inventory system. All sales returns from customers result in the goods being
Swifty Inc. is a retailer operating in British Columbia. Swifty 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 Swifty Inc. for the month of January 2022. Date (a1) January 1 January 5 January 8 January 10 January 15 Purchase January 16 Purchase return January 20 January 25 January 1 January 5 January 8 January 10 January 15 January 16 January 20 January 25 Sale Beginning inventory Purchase Sale return Sale Purchase LA LA LA $ to 61 10 Description Calculate the Moving-average cost per unit at January 1, 5, 8, 10, 15, 16, 20, & 25. (Round moving average cost per unit answers to 3 decimal places, eg. 5.251.) $ LA Moving-Average Cost per unit LA 5 $ Quantity 100. 149 114 5 55 95 18 Unit Cost or Selling Price $13 16 25 18 18 20
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