Perpetual Inventory Using Weighted Average

Beginning inventory, purchases, and sales for 30xT are as follows:

May 1		Inventory	50 units at $80
12		Sale	35 units
23		Purchase	60 units at $90
26		Sale	55 units

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

$per unit

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

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