Roselle appliance uses a perpetual inventory system

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Reference no: EM13922325

Roselle Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 5 sets at $563.00 each. On January 10, Roselle purchased 7 units at $751.40 each. The company sold 3 units on January 8 and 5 units on January 15.

Calculate average unit cost at January 1, 8, 10 & 15. (For calculation purpose round ending inventory balances to 0 decimal places, $2,120 and round answers to 2 decimal places, e.g. $120.25.)

		January 1		January 8		January 10		January 15
Average Unit Cost		$		$		$		$

The ending inventory

FIFO$LIFO

$MOVING AVERAGE COST

Reference no: EM13922325

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