Waterway Inc. is a retailer operating in British Columbia. Waterway uses the perpetual inventory method. 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 Waterway Inc. for the month of January 2020.

Date

Description

Quantity

Unit Cost or Selling Price

January1 Beginning inventory 100 $21

January5 Purchase 148 $24

January8 Sale 114 $36

January10 Sale return 10 $36

January15 Purchase 55 $26

January16 Purchase return 5 $26

January20 Sale 94 $41

January25 Purchase 26 $28

(a1)

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Calculate the Moving-average cost per unit at January 1, 5, 8, 10, 15, 16, 20, & 25.(Round answers to 3 decimal places, e.g. 5.251.)

Moving-Average Cost per unit

January 1$

January 5$

January 8$

January 10$

January 15$

January 16$

January 20$

January 25$