The Music Store carries a large inventory of guitars and other musical instruments. Company records indicate the following for a particular line of guitars. Date June 1 June 6 June 8 June 17 June 30 Item Balance Sale Purchase Sale Purchase Quantity Unit Cost 5 $980 3 10 4 5 Part 2 of 2 916 916 Required Assume that the store uses the moving-weighted-average-cost method. Prepare The Music 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. (..

The Music Store carries a large inventory of guitars and other musical instruments. Company records indicate the following for a particular line of guitars. Required Assume that the store uses the moving-weighted-average-cost method. Prepare The Music 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