Kelowna Bear Co. (KBC) has a perpetual inventory system and uses the weighted average cost method to value its inventory and cost of goods sold. KBC recorded the following inventory transactions during the month of May.

Instructions: Use the perpetual weighted average method to answer the following questions concerning May inventory transactions. Calculate unit costs to the nearest penny ($0.01). Calculate inventory and cost of goods sold to the nearest dollar ($1). Part A: What is unit cost for the May 7 sale ($)? Answer

Part B: What is the inventory balance ($) after the May 7 sale? Answer

Part C: What is unit cost for the May 19 sale ($)? Answer

Part D: What is the total cost of goods sold for May ($)? Answer

Part E: What is the ending inventory balance ($) on May 31? Answer

Kelowna Bear Co. (KBC) has a perpetual inventory system and uses the weighted average cost method to value its inventory and cost of goods sold. KBC recorded the following inventory transactions during the month of May. Sales Units Unit Price Purchases Units Unit Cost Beginning inventory 75 $90 Purchase $95 Sale Purchase 110 $110 Sale 130 80 May 1 4 7 11 19 $125 120 $125