Beginning inventory, purchases, and sales for WCS12 are as follows: Assuming a perpetual inventory system and using
Question:
Assuming a perpetual inventory system and using the weighted average method, determine
(a) The weighted average unit cost after the October 22 purchase,
(b) The cost of the merchandise sold on October 29,
(c) The inventory on October31.
Transcribed Image Text:
Inventory 3it at $8 Sale Purchase Sale Oct. 1 13 175 units 375 units at $10 280 units 29
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a Weighted average unit cost 950 Inventory total cost af...View the full answer
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Related Book For
Corporate Financial Accounting
ISBN: 978-1133952411
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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