Perpetual inventory using weighted average Obj. 3 Beginning inventory, purchases, and sales for WCS12 are as follows:

Question:

Oct. 1 Inventory 320 units at $10 13 Sale 180 units 22 Purchase 360 units at $12 29 Sale 300 units 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 goods sold on October 29, and

(c) the inventory on October 31.

AppendixLO1

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