moving average cost

CALCULATOR PRINTER VERSION 4 BACK Problem 6-08A al-a2 (Part Level Submission) Sheridan Inc. is a retailer operating in British Columbia. Sheridan 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 Sheridan Inc. for the month of January 2020. Date Quantity Unit Cost or Selling Price $17 1 100 Description Beginning inventory Purchase Sale 5 147 20 8 114 30 10 10 January January January January January January January January 30 22 15 Sale return Purchase Purchase return 55 16 5 22 20 Sale 93 34 25 Purchase 22 24 (al) 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