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Tamarisk, Inc. is a retailer operating in Calgary, Alberta. Tamarisk, Inc. uses the perpetual inventory method. Assume that there are no credit transactions; all amounts
Tamarisk, Inc. is a retailer operating in Calgary, Alberta. Tamarisk, Inc. uses the perpetual inventory method. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Tamarisk, Inc. for the month of January 2017.
I believe my first one is right? I'm not sure how to continue, my professor has only ever done dates in-between.
Problem 6-8A rt Level Submission) Tamarisk, Inc. is a retailer operating in Calgary, Alberta. Tamarisk, Inc. uses the perpetual inventory method. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Tamarisk, Inc. for the month of January 2017. Date Description Quantity Unit Cost or selling Price $20 Dec. 31 Ending inventory 174 Jan. 2 Purchase 98 22 Jan. 6 Sale 197 40 Jan. 9 Purchase 68 Jan. 10 Sale 50 45 108 Jan. 23 Purchase 25 Jan. 30 Sale 135 48 (a1) Calculate average cost for each unit. (Round answers to 3 decimal places, e.g. 5.125.) Jan. 1 20.721 Jan. 2 Jan. 6 Jan. 9 Jan. 10 Jan. 23 Jan. 30
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