Question: Weighted average cost flow method under perpetual inventory system The following units of a particular item were available for sale during the calendar year:
Weighted average cost flow method under perpetual inventory system
The following units of a particular item were available for sale during the calendar year:
tableJanInventory, units at $AprSale, unitsJune Purchase, units at $SeptSale, unitsNovPurchase, units at $
The firm uses the weighted average cost method with a perpetual inventory system. Determine the cost of goods sold for each sale and the inventory balance after each sale. Present the data in the form illustrated in Exhibit
Weighted Average Cost Flow Method
tablePurchases,Purchases,Purchases,Cost of Goods Sold,Cost of Goods SoldDateQuantity,Unit Cost,Total Cost,Quantity,Unit CostJan
Apr.
June
Sept.
Nov.
Dec.
Balances
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