Question: Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 Inventory 340 units at $10 13 Sale 200

Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 Inventory 340 units at $10 13 Sale 200 units 22 Purchase 360 units at $13 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. $ fill in the blank 1 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. $ fill in the blank 2

c. 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. $ fill in the blank 3

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

13 Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 Inventory 320 units at $10 Sale 180 units Purchase 360 units at $12 Sale 300...

Perpetual inventory using weighted average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 330 units at $10 Oct. 13 200 units Oct. 22 370 units at $12 Oct. 29 Sale 400...

Perpetual inventory using weighted average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 350 units at $15 Oct. 13 150 units Oct. 22 300 units at $16 Oct. 29 Sale...

eBook Show Me How Calculator Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 300 units at $8 Inventory Sale 13 175 units 22...

Mando Exam Ch 5 & 6 Perpetual Inventory Using Weighted Average Beginning inventory, purch and sales for WCS12 are as follows: Oct. Inventory 340 units at $9 Sale 170 units Purchase 330 units at 11...

Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 Inventory310 units at $12 13 Sale150 units 22 Purchase340 units at $13 29 Sale400...

Ch 06 BE.06.01.ALGO BE.06.02.ALGO BE.06.03.ALGO BE.06.04.ALGO BE.06.05.ALGO BE.06.06.ALGO BE.06.07.ALGO BE.06.08.ALGO EX.06.03.ALGO EX.06.04.ALGO EX.06.05.ALGO EX.06.06.ALGO EX.06.07.ALGO EX.06.08...

eBook Show Me How Question Content Area Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 Inventory310 units at $1513 Sale190...

Perpetual inventory using weighted average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 Inventory 320 units at $20 Oct. 13 $ Sale Oct. 22 Oct. 29 Sale Purchase 200 units...

Perpetual inventory using weighted average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 Inventory 350 units at $15 Oct. 13 190 units Oct. 22 Purchase 340 units at $17...

(a) Derive an expression for the electric field E due to a dipole of length 2a at a point distant r from the centre of the dipole on the axial line. (b) Draw a graph of E versus r for r >> a. (c) If...

Make the same assumptions as in the previous problem. a. What is the 9-month forward price for the stock? b. Compute the price of a 95-strike 9-month call option on a futures contract. c. What is the...

Question 1 3 What effect did the Manhattan Project have on U . S . - Soviet relations? The U . S . - Soviet friendly partnership in developing an atomic bomb carried over into the postwar years....

Skills necessary for success in marketing include Multiple select question. analytical thinking advertising industry experience infallibility ability to work with others

=+1. Reinforce the benefits. Answer, Why buy? Show the consumer the reason to make the purchase. Clearly state what the consumer's going to get from the product/brand. For example: Tide To Go gets...

1 What is the state of your psychological contract with your organisation? Do you feel attached to the organisation? Do you know what the organisations goals are? Do your personal goals fit with...

2 What managerial practices impact (positively or negatively) on your psychological contract? Communication Training Appraisal Rewards Daytoday interaction and organisational life