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: Date
Weighted average cost flow method under perpetual inventory system
The following units of a particular item were available for sale during the calendar year:
Date Line Item Description Units and Cost
Jan. Inventory units at $
Apr. Sale units
June Purchase units at $
Sept. Sale units
Nov. Purchase 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
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