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Calculate the Moving-average cost per unit at January

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Question - Bonita Inc. is a retailer operating in British Columbia. Bonita 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 Bonita Inc. for the month of January 2020.

Date Description Quantity Unit Cost or Selling Price

January 1 Beginning inventory 100 $16

January 5  Purchase 144 19

January 8 Sale 111 30

January 10 Sale return 10 30

January 15 Purchase 55 21

January 16 Purchase return  5 21

January 20 Sale 93 36

January 25 Purchase 21 23

Required - Calculate the Moving-average cost per unit at January 1, 5, 8, 10, 15, 16, 20, & 25.

Reference no: EM132737867

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