Question: Assuming a perpertual inventory system and using the weighted average method, determine (a) the weighted average unit cost after the May 23rd purchase (b) the
Assuming a perpertual inventory system and using the weighted average method, determine (a) the weighted average unit cost after the May 23rd purchase (b) the cost of the merchandice sold on May 26, and (c) Using a LIFO perpetual cost flow, calculate the value of the ending inventory and the cost of merchandise sold for the month of Novemeber of Beamer Company using the data below
Nov. 1 Purchased 600 units $80 each
4 Sold 200 units
11 Purchased 350 units $82 each
12 Sold 275 units
22 Purchased 175 units $84 each
23 Sold 155 units
Calculate the following : (a) Inventory valuation at the end of November (b) Calculate the cost of merchandise sold for November
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