Question

Alison Inc., which uses the perpetual method and moving-average costing, shows the following activity for January:...

Alison Inc., which uses the perpetual method and moving-average costing, shows the following activity for January:

      Date                         Description           Quantity               Unit cost

January 1           Beginning inventory           80                    $15

January 5           Purchase                            150                      17

January 8           Sale                                     110                          

January 15         Purchase                              55                      20

January 20         Sale                                       80                          

January 25         Purchase                              70                      22

        Alison Inc.’s unit cost for the January 31 ending inventory is:

Select one:

a. $18

b. $18.50

c. $18.87

d. $19.39

Business   Accounting   
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Homework Answers

Answer #1

Answer - d. $19.39

Explanation So at the end we can see unit cost for ending inventory is $19.39 as per moving average method

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