Lily Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1...
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Lily Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 3 sets at $400 each. On January 10, Lily purchased 6 units at $470 each. The company sold 2 units on January 8 and 5 units on January 15. Your answer is incorrect. Compute the ending inventory under moving-average cost. (Round average-cost per unit to 2 decimal places, e.g. 12.50 and final answer to 0 decimal places, e.g. 1,250.)
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You can see the logs in the Dashboard.