Perpetual inventory using weighted average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct....
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/6648d15cc155c_2206648d15c5d19d.jpg)
Transcribed Image Text:
Perpetual inventory using weighted average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 Inventory Oct. 13 Sale Oct. 22 Purchase Oct. 29 Sale 320 units at $20 200 units 380 units at $22 300 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 method, determine the inventory on October 31. Round your "average unit cost" to two decimal places. Perpetual inventory using weighted average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 Inventory Oct. 13 Sale Oct. 22 Purchase Oct. 29 Sale 320 units at $20 200 units 380 units at $22 300 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 method, determine the inventory on October 31. Round your "average unit cost" to two decimal places.
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
The chief accountant for Dickinson Corporation provides you with the following list of accounts receivable that were written off in the current year: Dickinson Corporation follows the policy of...
-
Davenport Corporation reported net sales $800,000; cost of goods sold $520,000; operating expenses $210,000; and net income $70,000. Calculate the following values and explain what they mean. (a)...
-
Some fast-growing poorer countries face a conflict between wanting to maintain a fixed exchange rate with a rich country and wanting to keep inflation low. Explain the logic behind this statement....
-
Your boss thinks it will be just as good to combine the two feeds in Problem 14.D4 than to keep them separate. Calculate the number of equilibrium stages required to achieve the same outlet...
-
The Project Data file provided for you contains information that you may use to help you complete certain questions. You will be directed to this file as required in the questions below. Canaans...
-
36. How would you define a good "quality of work life" job? How is this being impacted by the current business environment? Provide an example of how your company is addressing this issue?
-
Using your insights, create stepwise instructions to list a business on Google Maps. What are the factors to which attention should be paid the most? You can insert pictures and complete the question...
-
Lengthy Issue Resolution Delays and Inadequate Notices Burden Taxpayers Who Are Victims of Identity Theft or Whose Returns the IRS Has Flagged for Possible Identity Theft? WHY THIS IS A SERIOUS...
-
Within the intricate tapestry of advanced organizational ecosystems, characterized by their complex network of interrelated stakeholders and intricate decision-making processes, what systemic factors...
-
Employing elementary transformations, find the inverse of the matrix 0 1 2 (i) 1 2 3 3 1 1 1 2 3 1 1 3 3 2 (ii) 2433 1 1 1 1
-
sunland zone corporation expeirenced variances: materials price $ 3 1 0 U , materials quanity $ 1 , 5 0 0 F , labor price $ 7 0 0 F , and total overhead $ 1 , 0 6 0 U . Sales revenue was $ 8 1 , 0 0...
-
How is technology transforming social relationships and communication, and what are the broader implications for social structure and identity ?
-
Given the partial pressures of H30. CO, and H3, what is the reaction quolient Q for the following reaction carried out at 1100 K? C(s) + H,O(9) = CO(9) + Ha(9) Gas Partial pressure (bar) H30 0.400...
-
Copy and complete the statement. 3800 m ? km =
-
A reservoir at vertex 1 in the diagram below is to supply water to several pumping stations. The edge weights are costs of laying pipe from one station to another. How should the pipe be laid so that...
-
Identify which internal control concept is being violated and explain how this may cause an opportunity for fraud to occur within a business: 1. The supervisor for the purchasing department has not...
-
All of the following are typically included in the cash and cash equivalents account except: a. Cash b. Marketable securities c. Money market funds d. 30-day U.S. Treasury bills
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App