Solution-Calculate the moving-average cost per unit at

Calculate the moving-average cost per unit at january

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Problem - 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
January 1	Beginning inventory	100	$13
January 5	Purchase	139	16
January 8	Sale	111	27
January 10	Sale return	10	27
January 15	Purchase	55	18
January 16	Purchase return	5	18
January 20	Sale	88	31
January 25	Purchase	18	20

Required - Calculate the Moving-average cost per unit at January 1, 5, 8, 10, 15, 16, 20, & 25.

Reference no: EM132218554

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Calculate the moving-average cost per unit at january

Reference no: EM132218554

Reference no: EM132218554

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