Question: Can you please help me in solving this problem? Problem 6-08A a1-a2 (Part Level Submission) Sunland Inc. is a retailer operating in British Columbia. Sunland

Can you please help me in solving this problem?

Problem 6-08A a1-a2 (Part Level Submission)

Sunland Inc. is a retailer operating in British Columbia. Sunland 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 Sunland Inc. for the month of January 2020.

January

1

Beginning inventory

100

$12

January

5

Purchase

142

15

January

8

Sale

114

26

January

10

Sale return

10

26

January

15

Purchase

55

17

January

16

Purchase return

5

17

January

20

Sale

88

32

January

25

Purchase

17

19

a1)

Calculate the Moving-average cost per unit at January 1, 5, 8, 10, 15, 16, 20, & 25.

(Round answers to 3 decimal places, e.g. 5.251.)

Moving-Average Cost per unit

January 1 $

January 5 $

January 8 $

January 10 $

January 15 $

January 16 $

January 20 $

January 25 $

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