Question
Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 Inventory 350 units at $13 13 Sale 160
Perpetual Inventory Using Weighted Average
Beginning inventory, purchases, and sales for WCS12 are as follows:
| Oct. 1 | Inventory | 350 units at $13 | |
| 13 | Sale | 160 units | |
| 22 | Purchase | 310 units at $15 | |
| 29 | Sale | 200 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. $fill in the blank 1per unit
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. $fill in the blank 2
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. $fill in the blank 3
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Accounting
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
28th Edition
9781337902687
