Beta Inc. had the following transactions in its inventory account during 2022. Beta uses a perpetual...

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Beta Inc. had the following transactions in its inventory account during 2022. Beta uses a perpetual inventory system. Beta started the year with 250 units of inventory at a cost of $9.50. Date March April June August September November Unit Purchases 600 450 500 Price per unit $10.75 $13.00 $14.25 Unit Sales 700 400 350 Selling Price $30 $32 $33 Required: a. Calculate the total cost of goods sold for the year 2022 using perpetual moving average. b. Calculate ending inventory using perpetual moving average. Beta Inc. had the following transactions in its inventory account during 2022. Beta uses a perpetual inventory system. Beta started the year with 250 units of inventory at a cost of $9.50. Date March April June August September November Unit Purchases 600 450 500 Price per unit $10.75 $13.00 $14.25 Unit Sales 700 400 350 Selling Price $30 $32 $33 Required: a. Calculate the total cost of goods sold for the year 2022 using perpetual moving average. b. Calculate ending inventory using perpetual moving average.

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Step 12 calculation of Cost of goods sold Under perpetual moving average method as f... View the full answer