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Mercer Inc. is a retailer operating in British Columbia. Mercer 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 Mercer Inc. for the month of January 2015.

Date
 
Description
 
Quantity
 
Unit Cost or Selling Price
January1 Beginning inventory 280 $12
January5 Purchase 392 14
January8 Sale 308 23
January10 Sale return 28 23
January15 Purchase 154 15
January16 Purchase return 14 15
January20 Sale 252 28
January25 Purchase 56 18
 
 
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(a1)

Calculate the Moving-average cost per unit at January 1, 5, 8, 15, 20, & 25. (Round answers to 3 decimal places, e.g. $5.251.)

  
Moving-Average Cost per unit
January 1 
$
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January 5 
$
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January 8 
$
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January 10 
$
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January 15 
$
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January 16 
$
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January 20 
$
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January 25 
$
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