Question: Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 Inventory 320 units at $10 13 Sale 190
Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 Inventory 320 units at $10 13 Sale 190 units 22 Purchase 370 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. 9.48 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. 1,896 X 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. 500 x Feedback Check My Work When the average cost method is used in a perpetua 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 Check My Work 1 more Check My Work uses remaining Previous Next All work saved Save and Exit Submit Assignment for Grading
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