Question: Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for Meta-B1 are as follows: July 1Inventory100 units at $40012Sale70 units23Purchase120 units at $45026Sale110 units

Perpetual Inventory Using Weighted Average

Beginning inventory, purchases, and sales for Meta-B1 are as follows:

July 1Inventory100 units at $40012Sale70 units23Purchase120 units at $45026Sale110 units

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

$per unit

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

$

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

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