Perpetual Inventory Using Weighted AverageFeedback

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Perpetual Beginning Inventory Using Weighted Average inventory, purchases, and sales for WCS12 are as follows: Oct. 1 13 29 Inventory Sale Purchase Sale 300 units at $13 190 units 390 units at $15 400 units a. b. c. 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. 14.36 X per unit 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. 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. Vy WUk When the average cost method is used in a perpetual inventory system, an average unit costfor 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.