Roselle appliance uses a perpetual inventory system

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Roselle Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 5 sets at $563.00 each. On January 10, Roselle purchased 7 units at $751.40 each. The company sold 3 units on January 8 and 5 units on January 15.

Calculate average unit cost at January 1, 8, 10 & 15. (For calculation purpose round ending inventory balances to 0 decimal places, $2,120 and round answers to 2 decimal places, e.g. $120.25.)

 

 

January 1

 

January 8

 

January 10

 

January 15

Average Unit Cost

 

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The ending inventory

 

FIFO$Entry field with correct answerLIFO

 

$Entry field with correct answerMOVING AVERAGE COST

 

$Entry field with correct answer

 

 

Reference no: EM13922325

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