Question: Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for 30xT are as follows: May 1 Inventory 50 units at $80 12 Sale 35

Perpetual Inventory Using Weighted Average

Beginning inventory, purchases, and sales for 30xT are as follows:

May 1	Inventory	50 units at $80
12	Sale	35 units
23	Purchase	60 units at $90
26	Sale	55 units

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

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

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

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