Question: Perpetual inventory using weighted averageBeginning inventory, purchases, and sales for WCS 1 2 are as follows:DateLine Item DescriptionValueOct. 1 Inventory 3 0 0 units at
Perpetual inventory using weighted averageBeginning inventory, purchases, and sales for WCS are as follows:DateLine Item DescriptionValueOct. Inventory units at $Oct. Sale unitsOct. Purchase units at $Oct. Sale unitsa. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the October purchase. Round your answer to two decimal places.fill in the blank of $ per unitb. Assuming a perpetual inventory system and using the weighted average method, determine the cost of goods sold on October Round your "average unit cost" to two decimal places.fill in the blank of $c Assuming a perpetual inventory system and using the weighted average method, determine the inventory on October Round your "average unit cost" to two decimal places.fill in the blank of $
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
