2. $8, 973,750 obj. 2, 3

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PR 6-3A

weighted average cost method with perpetual inventory The beginning inventory at midnight supplies and data on purchase and sales for three-month periods are show the problem 6-1A Instruction.

1 Record the inventory, purchases and cost of goods sold data in a perpetual inventory record similar to the one illustrated in exhibit 5 using the last in, first out method weighted average cost method.

2 Determine the total sales, the total cost of goods and the gloss profit from sales for the period.

3 Determine the ending inventory cost as of March 31.