Swifty Inc. is a retailer operating in British Columbia. Swifty uses the perpetual inventory system. amounts are settled in cash. You are provided with the following information for Swifty Inc. for the Date Description Quantity Unit Cost or Selling Price January 1 Beginning inventory 100 January 5 Purchase 144 January 8 Sale 109 January 10 Sale return 9 January 15 Purchase 55 January 16 Purchase return 5 January 20 Sale 95 January 25 Purchase 22 2222222 $17 20 (a1) - Your answer is partially correct. Calculate the Moving-average cost per unit at January 1, 5, 8, 10, 15, 16, 20, & 25. (Round moving-av Moving-Average Cost per unit January 1 $ 17 January 5 $ 18.770
Swifty Inc. is a retailer operating in British Columbia. Swifty uses the perpetual inventory system. amounts are settled in cash. You are provided with the following information for Swifty Inc. for the Date Description Quantity Unit Cost or Selling Price January 1 Beginning inventory 100 January 5 Purchase 144 January 8 Sale 109 January 10 Sale return 9 January 15 Purchase 55 January 16 Purchase return 5 January 20 Sale 95 January 25 Purchase 22 2222222 $17 20 (a1) - Your answer is partially correct. Calculate the Moving-average cost per unit at January 1, 5, 8, 10, 15, 16, 20, & 25. (Round moving-av Moving-Average Cost per unit January 1 $ 17 January 5 $ 18.770
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Am. 104.
Transcribed Image Text:Swifty Inc. is a retailer operating in British Columbia. Swifty uses the perpetual inventory system.
amounts are settled in cash. You are provided with the following information for Swifty Inc. for the
Date
Description
Quantity
Unit Cost or Selling Price
January 1
Beginning inventory
100
January 5
Purchase
144
January 8
Sale
109
January 10
Sale return
9
January 15
Purchase
55
January 16
Purchase return
5
January 20
Sale
95
January 25
Purchase
22
2222222
$17
20
(a1)
-
Your answer is partially correct.
Calculate the Moving-average cost per unit at January 1, 5, 8, 10, 15, 16, 20, & 25. (Round moving-av
Moving-Average Cost per unit
January 1
$
17
January 5
$
18.770
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