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Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for Meta-B1 are as follows: July 1 Inventory 100 units at $400 12 Sale 70
Perpetual Inventory Using Weighted Average
Beginning inventory, purchases, and sales for Meta-B1 are as follows:
July 1 | Inventory | 100 units at $400 | |
12 | Sale | 70 units | |
23 | Purchase | 120 units at $450 | |
26 | Sale | 110 units |
a. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the July 23 purchase. $per unit
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. $
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