Question: Problem 6-08A a1-a2 (Part Level Submission) Bramble Inc. is a retailer operating in British Columbia, Bramble uses the perpetual inventory method. All sales returns from

Problem 6-08A a1-a2 (Part Level Submission) Bramble Inc. is a retailer operating in British Columbia, Bramble 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 Bramble Inc. for the month of January 2020. Quantity 100 Unit Cost or Selling Price 521 24 Date January 1 January 5 January B January 10 January 15 January 16 January 20 January 25 Description Beginning inventory Purchase Sale Sale return Purchase Purchase return Sale Purchase 140 115 10 55 36 26 5 93 26 28 (1) 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 2100 x January 5 5652 January 8 9792 January 10 10152 January 15 11582 January 16 11742 January 20 15525 January 25 16253
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
