lomework

Question $1,$ E$10-1($similar to$)$

HW Score: $0\%,0$ of $7$ points

Part $1$ of $27$

Points: $0$ of $1$

Chris Tinsley Associates provided the following information regarding its inventory for the current year, its second year of operations.

$($Click the icon to view the information.$)$

Requirement

Compute Chris Tinsley's ending inventory and cost of goods sold under each of the following cost$-$flow methods assuming that the company uses a perpetual inventory system $($round your answer for cost per unit to two decimal places$)$:

a$.$ Moving Average

b$.$ FIFO

c$.$ LIFO

Requirement a$.$ Compute Chris Tinsley's ending inventory and cost of goods sold under the moving$-$average cost$-$flow method assuming that the company uses a perpetual inventory system.

Begin by entering Chris Tinsley's purchase and sale transactions in chronological order one line at a time, calculating a new moving$-$average cost per unit after every transaction. $($Use a minus sign or parentheses for units sold or for a reduction in cost$.$ Round your answer for cost per unit to the nearest cent.$)$

$\backslash$table$[[$Moving$-$average:,Units,,,,,Average$],[$Transaction$,\backslash$table$[[$Purchased$],[($Sold$)]],\backslash$table$[[$Unit$],[$Cost$]],\backslash$table$[[$Cumulative$],[$Units$]],\backslash$table$[[$Total$],[$Cost$]],\backslash$table$[[$Cumulative$],[$Cost$]],\backslash$table$[[$Cost$],[$Per Unit$]]],[$Beginning inventory,,,,,,$]]$

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Chris Tinsley Asso

$($Click the icon

Requirement

Compute Chris Tin

for cost per unit to

a$.$ Moving Average

Requirement a$.$ C

Begin by entering

or parentheses for

Moving$-$average:

Transacti

Beginning inventor

$\backslash$table$[[\backslash$table$[[$Transaction$],[$Beginning inventory $\frac{1}{1}$