Question: I keep getting wrong answers, and I need help on step by step calculations, please. Lync. is a retailer operating in British Columbia. Lily uses

I keep getting wrong answers, and I need help on step by step calculations, please.

Lync. is a retailer operating in British Columbia. Lily uses the perpetual inventory system. 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 forLilyInc. For January 2022.

Date Description Quantity Unit Cost or Selling Price

January 1 Beginning inventory 100 $13

January 5 Purchase 147 8

January 8 sale 113 27

January 10 Sale return 10 27

January 15 Purchase 55 18

January 16 Purchase return 5 18

January 20 Sale 94 32

January 25 Purchase 18 20

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

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