Perpetual inventory using weighted average

Beginning inventory, purchases, and sales for WCS$12$ are as follows:

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.

$

$x$ 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.

$

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.

Check My Work

When the average cost method is used in a perpetual inventory system, an average unit cost for each item is

computed each time a purchase is made. This unit cost is used to determine the cost of each sale until another

purchase is made and a new average is computed.