Question: Chapter 6 Inventories 3 PE 6-4 Perpetual inventory using average cost 8 Beginning inventory, purchases, and sales for Item CJ10 are as follows: Apr. 1

Chapter 6 Inventories 3 PE 6-4 Perpetual inventory using average cost 8 Beginning inventory, purchases, and sales for Item CJ10 are as follows: Apr. 1 Inventory 30 units at $70 Sale 18 units 15 Purchase 25 units at 572 24 Sale 15 units Assuming a perpetual inventory system and using the moving weighted average cost method, determine (a) the cost of goods sold on April 24 and (b) the inventory on April 30. EE 6.4 p. 312

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