Question: Bramble Corp. is a retailer operating in Calgary, Alberta. Bramble Corp. uses the perpetual inventory method. Assume that there are no credit transactions; all amounts

Bramble Corp. is a retailer operating in Calgary, Alberta. Bramble Corp. uses the perpetual inventory method. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Bramble Corp. for the month of January 2022.

Date

Description

Quantity

Unit Cost or Selling Price

Dec. 31

Ending inventory

156 $18

Jan. 2

Purchase

109 20

Jan. 6

Sale

181 41

Jan. 9

Purchase

78 22

Jan. 10

Sale

48 46

Jan. 23

Purchase

105 23

Jan. 30

Sale

140 49

Calculate average cost for each unit. (Round answers to 3 decimal places, e.g. 5.125.)

Jan. 1

$enter average cost in dollars rounded to 3 decimal places

Jan. 2

$enter average cost in dollars rounded to 3 decimal places

Jan. 6

$enter average cost in dollars rounded to 3 decimal places

Jan. 9

$enter average cost in dollars rounded to 3 decimal places

Jan. 10

$enter average cost in dollars rounded to 3 decimal places

Jan. 23

$enter average cost in dollars rounded to 3 decimal places

Jan. 30

$enter average cost in dollars rounded to 3 decimal places

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