Problem - Refer to the Ski shop situation in (attached file). Keep all the data unchanged, but assume that Ski shop actually uses the average cost method.
Requirements -
1. Prepare a perpetual inventory record average cost. Round average unit cost to the nearest cent and all other amounts to the nearest dollar.
2. Prepare a multistep income statement for ski shop for the month of February.
Could you look at the attached file and answer the another attach file?
Attachment:- Assignment File.rar