Question: Perpetual inventory using weighted average Beginning inventory, purchases, and sales for WCS12 are as follows: Date Line Item Description Value Oct. 1 Inventory 320 units

Perpetual inventory using weighted average

Beginning inventory, purchases, and sales for WCS12 are as follows:

Date	Line Item Description	Value
Oct. 1	Inventory	320 units at $20
Oct. 13	Sale	200 units
Oct. 22	Purchase	380 units at $22
Oct. 29	Sale	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.

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.

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