Question
Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 Inventory 310 units at $11 13 Sale 160 units 22 Purchase 350 units
Beginning inventory, purchases, and sales for WCS12 are as follows:
| Oct. 1 | Inventory | 310 units at $11 | |
| 13 | Sale | 160 units | |
| 22 | Purchase | 350 units at $14 | |
| 29 | Sale | 400 units |
Assuming a perpetual inventory system and using the weighted average method, determine the cost of goods sold on October 29. Round your "average unit cost" to two decimal places.
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Principles Of Financial And Managerial Accounting Volume 2
Authors: Thomas D Hubbard
3rd Edition
0873934911, 978-0873934916
