Question: Weighted average cost Flow Method Under Perpetual Inventory System The following units of a particularm were available for sale during the calendar year Man. 1
Weighted average cost Flow Method Under Perpetual Inventory System The following units of a particularm were available for sale during the calendar year Man. 1 Inventory 10,000 units at $75.00 Mar. 18 Sale 8,000 units May 2 Purchase 18,000 units at $77.50 Aug. 9 Sale 15,000 units Oct. 20 Purchase 7,000 units at $10,25 The firm uses the weed were come with a perpetual entory item. Determine the cost of goods sold for each ale and the inventory balance after each le Present the data in the form strated in 5. Round unit cost to the demolact, if necessary Schedule of Cost of Goods Sold weighted Average cost Flow Method Purchases Cost of Goods Taventory Date Quantity Unit Cout Total Cost Quantity Unit Cost Total Cost Quantity Unit Cout Total Cost Mo. 10 May 2 Aug 9 Oct 20 (Dec 31 Balances
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