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 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

January1Beginning inventory

100$13January5Purchase13916January8Sale11127January10Sale return1027January15Purchase5518January16Purchase return518January20Sale8831January25Purchase1820

(a1)

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