Question: Perpetual inventory using weighted average Beginning inventory, purchases, and sales for WCS 1 2 are as follows: a . Assuming a perpetual inventory system and
Perpetual inventory using weighted average
Beginning inventory, purchases, and sales for WCS are as follows:
a Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the
October 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 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 Round your
"average unit cost" to two decimal places.
$
When the average cost method is used in a perpetual inventory system, an average unit cost for each item is computed each time a
purchase is made. This unit cost is used to determine the cost of each sale until another purchase is made and a new average is
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