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The Lyric Store carries a large inventory of guitars and other musical instruments. Company records indicate the following for a particular line of guitars.

 


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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 Apr. 1 Item Balance Quantity Unit Cost 5 $900 Apr. 6 Sale 3 Apr. 8 Purchase Apr. 17 Sale Apr. 30 Purchase 945 10 838 838 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.

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