Question: Perpetual inventory using weighted average Beginning inventory, purchases, and sales for WCS 1 2 are as follows: table [ [ Oct . 1 Inventory,
Perpetual inventory using weighted average
Beginning inventory, purchases, and sales for WCS are as follows:
tableOct Inventory, units at $OctSale, unitsOctPurchase, units at $OctSale, units
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 Octol
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.
$
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
