Date			Activities	Units Acquired at Cost								Units sold at Retail
Jan.	1		Beginning inventory	200	units	@	$	12.50	=	$	2,500
Jan.	10		Sales										160	units	@	$	21.50
Jan.	20		Purchase	130	units	@	$	11.50	=		1,495
Jan.	25		Sales										140	units	@	$	21.50
Jan.	30		Purchase	300	units	@	$	11.00	=		3,300
			Totals	630	units					$	7,295		300	units

The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 330 units, where 300 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory

Weighted Average - Perpetual:

Goods Purchased

Cost of Goods Sold

Inventory Balance

Date

# of units

Cost per unit

# of units sold

Cost per unit

Cost of Goods Sold

# of units

Cost per unit

Inventory Balance

January 1

200

@

$12.50

=

$2,500.00

January 10

January 20

Average cost

January 25

January 30

Totals