Perpetual Inventory Using Weighted Average

Beginning inventory, purchases, and sales for H76 are as follows:

July 1 Inventory 300 units at $120

12 Sale 210 units

23 Purchase 360 units at $135

26 Sale 330 units

a. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the July 23 purchase. ____________________

b. Assuming a perpetual inventory system and using the weighted average method, determine the cost of the merchandise sold on July 26. _______________________

c. Assuming a perpetual inventory system and using the weighted average method, determine the inventory on July 31. __________________