Description of this paper

Hiroyuki Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 4 sets at $636 each. On...

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solution


Question

Hiroyuki Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 4 sets at $636 each. On January 10, Hiroyuki purchased 6 units at $694 each. The company sold 3 units on January 8 and 5 units on January 15. Calculate moving average cost at January 1, 8, 10 & 15. (Round answers to 2 decimal places, e.g. $120.25.)

 

Paper#76775 | Written in 18-Jul-2015

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