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. $120.25.)
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January 1
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January 8
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January 10
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January 15
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Average Unit Cost
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$
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$
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$
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$
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The ending inventory
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FIFO$LIFO
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$MOVING AVERAGE COST
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$
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