Question: Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows: Inventory 320 units at $11 Oct. 1 13 Sale 180
Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows: Inventory 320 units at $11 Oct. 1 13 Sale 180 units 22 Purchase 360 units at $12 29 Sale 200 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. per unit 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. 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
Step by Step Solution
There are 3 Steps involved in it
Here is the stepbystep solution to the problem using the perpetual inventory system with the weighte... View full answer
Get step-by-step solutions from verified subject matter experts
