Question: This is the same problem information for Redbird Company. However, this time use the average cost method. Redbird Company uses a perpetual inventory system. It

This is the same problem information for Redbird Company. However, this time use the average cost method.

Redbird Company uses a perpetual inventory system. It sells its product to customers for $40 per unit. Below is information regarding inventory transactions for December.

Dec.1	Beginning Inventory	70 units @ $14 = $980
Dec. 9	Purchase 1	30 units @ $16 = $480
Dec. 17	Sale 1	25 units
Dec. 22	Purchase 2	15 units @ $18 = $270
Dec. 27	Sale 2	40 units

1. Using the average cost inventory method, what is the average cost per unit for Sale 1? Show your answer to 4 decimals.

2. Using the average cost inventory method, what is the Cost of Goods Sold for Sale 1? Round your answer to the whole dollar.

3.Using the average cost inventory method, what is the average cost per unit for Sale 2? Show your answer to 4 decimals.

4.Using the average cost inventory method, what is the Cost of Goods Sold for Sale 2? Round your answer to the whole dollar.

5. Using the average cost inventory method, what is the cost of Ending Inventory? Round your answer to the whole dollar.

please answer them all!!!

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