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Basic accounting: using the Perpetual Accounting in weighted Average method Any notes are appreciated. Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for
Basic accounting: using the Perpetual Accounting in weighted Average method
Any notes are appreciated.
Perpetual Inventory Using Weighted Average
Beginning inventory, purchases, and sales for JWWZ9 are as follows:
Jan.1Inventory300units at $8
Jan.13Sale175 units at
Jan.22 Purchase375 units at $10
Jan.29 Sale280 units
1.Determine average unit cost after Jan.22 purchase?
2.Determine the cost of goods on Jan.29? (round average unit cost)
3.Determine inventory on Jan.31? (round average unit cost)
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