eBook Show Me How Calculator Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 Inventory 310 units at $15 13 Sale 170 units 22 Purchase 360 units at $16 29 400 units a. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the October 22 purchase. Round your answer to two decimal places per unit b. Assuming a perpetual inventory system and using the weighted average method, determine the cost of goods sold on October 29. Round your average unit cost to two decimal places c. Assuming a perpetual inventory system and using the weighted average methodetermine the inventory on October 31. Round your average unit cost to two decimal places LGO My more check on Previous Next Inventory on the balance sheet Based on the data below, how would the Inventory appear on the balance sheet, assuming that the lower of cost or market is used and the cost is determined by the First-In, first-out (FIFO) method? Total cost: $248,000 Total market: $252,350 Lower-of-cost-or-market (LCM): $239,350 The Inventory would appear in the current assets section, as follows: Inventory-at lower of cost (first-in, first-out method) or net realizable value Feedback Check My Won Remember that inventory is an asset account. The method of determining the cost of the inventory and the method of valuing the inventory is also reported. more Check My Work uses remaining Previous