Beginning inventory, purchases, and sales for WCS12 are as follows: Assuming a perpetual inventory system and using

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Beginning inventory, purchases, and sales for WCS12 are as follows:

Inventory 320 units at $10 Oct. 1 180 units 360 units at $12 300 units Sale Purchase 13 22 29 Sale

Assuming a perpetual inventory system and using the weighted average method, determine
(a) The weighted average unit cost after the October 22 purchase,

(b) The cost of goods sold on October 29, and

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Corporate Financial Accounting

ISBN: 9781337398169

15th Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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Question Posted: Jul 24, 2018 12:35 PM

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Beginning inventory, purchases, and sales for WCS12 are as follows: Assuming a perpetual inventory system and using

Question:

Inventory 320 units at $10 Oct. 1 180 units 360 units at $12 300 units Sale Purchase 13 22 29 Sale

Step by Step Answer:

a Weighted average unit cost 1144 Inventory total cost ...View the full answer

Corporate Financial Accounting

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