Question: Help with part B!!! I tried doing this 4 different ways and I just can't figure it out. :( Perpetual Inventory Using Weighted Average Beginning

Help with part B!!! I tried doing this 4 different ways andHelp with part B!!! I tried doing this 4 different ways and I just can't figure it out. :(

Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for Meta-B1 are as follows: July 1 Inventory 100 units at $400 12 Sale 70 units 23 Purchase 120 units at $450 26 Sale 110 units a. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the July 23 purchase. $ 440 unit b. Assuming a perpetual inventory system and using the weighted average method, determine the cost of the merchandise sold on July 26. $ x c. Assuming a perpetual inventory system and using the weighted average method, determine the inventory on July 31

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!