Dempsey Inc. is a retailer operating in British Columbia. Dempsey 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 Dempsey Inc. for the month of January 2017.
|
Date
|
|
Description
|
|
Quantity
|
|
Unit Cost or Selling Price
|
|
January
|
1
|
|
Beginning inventory
|
|
100
|
|
|
$12
|
|
|
January
|
5
|
|
Purchase
|
|
137
|
|
|
15
|
|
|
January
|
8
|
|
Sale
|
|
112
|
|
|
23
|
|
|
January
|
10
|
|
Sale return
|
|
10
|
|
|
23
|
|
|
January
|
15
|
|
Purchase
|
|
55
|
|
|
17
|
|
|
January
|
16
|
|
Purchase return
|
|
5
|
|
|
17
|
|
|
January
|
20
|
|
Sale
|
|
85
|
|
|
27
|
|
|
January
|
25
|
|
Purchase
|
|
17
|
|
|
19
|
|
Calculate the Moving-average cost per unit at January 1, 5, 8, 10, 15, 16, 20, & 25