Beginning inventory, purchases, and sales for 30xT are as follows: Assuming a perpetual inventory system and using

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Beginning inventory, purchases, and sales for 30xT are as follows:

Assuming a perpetual inventory system and using the weighted average method, determine
a. The weighted average unit cost after the May 23 purchase,
b. The cost of the merchandise sold on May 26,
c. The inventory on May 31.

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Related Book For answer-question

Accounting

ISBN: 978-1285743615

26th edition

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

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Question Posted: Oct 27, 2016 01:59 AM

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Beginning inventory, purchases, and sales for 30xT are as follows: Assuming a perpetual inventory system and using

Question:

May 1 12 23 26 Inventory50 units at $80 Sale Purchase Sale 35 units 60 units at $90 55 units

Step by Step Answer:

a Weighted average unit cost 88 Inventory total cost a...View the full answer

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