Accounting 101 I understand lifo and fifo, but I do not understand the average in perpetual method inventory can someone help me please?

Date Description Units Units cost of selling price

October 1 Beginning Inventory 60 $25

October 9 Purchase 120 26

October 11 sale 100 35

October 17 Purchase 70 27

October 22 sale 60 40

October 25 Purchase 80 28

October 29 Sale 110 40


I understand lifo and fifo, but I do not understand the average in perpetual method inventory can someone help me please?

Here’s how I started it

Inventory

Qty UC TC

60 time 25 =1500

Purchase

Qty UC TC

120 time 26=3120 180







Qty UC TC

Notes: I saw they did like that 180 25.666 4620, but I don’t know how they find the 25.666


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  • didn't get yer question? needs some clrification i guess

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