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Oct. 1 Inventory 300 units at $9 13 Sale 160 units 22 Purchase 360 units at $12 29 Sale 400 units a. Assuming a perpetual
Oct. 1 | Inventory | 300 units at $9 | |
13 | Sale | 160 units | |
22 | Purchase | 360 units at $12 | |
29 | Sale | 400 units |
a. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the October 22 purchase. Round your answer to two decimal places.
b. 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.
c. Assuming a perpetual inventory system and using the weighted average method, determine the inventory on October 31. Round your "average unit cost" to two decimal places.
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