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.) 
Other questions asked by students
Q
An electrochemical cell, composed of an iron electrode (anode) immersed in 0.10 M Fe (NO3)2 and...
Chemistry
Biology
Calculus
Accounting
Accounting
Q
Your task is to prepare the appropriate accounting treatment for each of the scenarios outlined...
Accounting
Q
Consider a project to supply Detroit with 26,000 tons of machine screws annually for automobile...
Accounting
Finance