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

Perpetual Inventory Using Weighted Average

Beginning inventory, purchases, and sales for WCS12 are as follows:

Oct. 1	Inventory	300 units at $8
13	Sale	175 units
22	Purchase	375 units at $10
29	Sale	280 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 the merchandise sold on October 29. Round your "average unit cost" to two decimal places. $

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. $

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!

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 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 300 units at $11 132229SalePurchaseSale180units380unitsat$12300units a....

Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 Inventory 300 units at $8 13 Sale 175 units 22 Purchase 375 units at $10 29 Sale...

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...

1 2 Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 Inventory 300 units at $8 13 Sale 175 units 22 Purchase 375 units at $10 29...

Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 Inventory 310 units at $9 13 Sale 200 units 22 Purchase 390 units at $12 29 Sale...

Perpetual inventory using weighted average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 320 units at $20 Oct. 13 200 units Oct. 22 380 units at $22 Oct. 29 Sale 300...

Kyles Shoe Stores Inc. is considering opening an additional suburban outlet. An aftertax expected cash flow of $130 per week is anticipated from two stores that are being evaluated. Both stores have...

Suppose the government imposes a price floor of $1.40 in the market for bottled water in problem 3. Calculate the dollar value of each of the following: a. Market consumer surplus b. Market producer...

4. What is entered in the Posting Reference column of the general journal? a. the ledger account number b. the date of the transaction c. the amount of the transaction d. a description of the...

Which project management tool uses the analogy "skateboard - bicycle - motorcycle - car"? Group of answer choices Scrum Waterfall Fate - Gate Star - gate

d. If you could relive the situation, would you do anything differently? Explain.

1. Many inspirational speakers attempt to take the audience on an emotional journey. They try to erase cynicism and complacency and get employees fired up about their jobs. Do you think organizations...

2. Benoit Vincent was able to become a more effective manager after completion of certain personality profile instruments (the MBTI for example), participating in a series of one-on-one workplace...