Solution-Calculate ending inventory using perpetual moving

Calculate ending inventory using perpetual moving average

Reference no: EM133156020

Question - Ava Inc. had the following transactions on its inventory during 2021. Ava uses perpetual inventory system. Ava started the year with 300 units of inventory at a cost of $19.

Date	Unit Purchases	Price per unit	Unit Sales	Selling Price
March	500	$20
April	650	$21
June			800	$30
August			200	$32
September	700	$22
November			550	$33

Required -

a. Calculate the total cost of goods sold for the year 2021 using perpetual moving average.

b. Calculate ending inventory using perpetual moving average.

Reference no: EM133156020

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Calculate ending inventory using perpetual moving average

Reference no: EM133156020

Reference no: EM133156020

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