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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

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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 Item Quantity Unit Cost Sep 4 $940 1 Balance 6 Sale 8 Purchase 17 Sale 30 Purchase 868 2 10 4 5 868 Required Assume that the store uses the moving-weighted average-cost method. Prepare The Lyric Store's rpetual 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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