Question: 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

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. a.Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the July 23 purchase.

$ (Answer here) per unit

b.Assuming a perpetual inventory system and using the weighted average method, determine the cost of the merchandise sold on July 26.

$(answer here)

c.Assuming a perpetual inventory system and using the weighted average method, determine the inventory on July 31.

$ (Answer Here)

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