Question
Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 Inventory 330 units at $10 13 Sale 170
Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows:
Oct. 1 Inventory 330 units at $10
13 Sale 170 units
22 Purchase 340 units at $12
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 1 per 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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