Question
Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 Inventory 350 units at $9 Oct. 13 Sale
Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows:
Oct. 1 Inventory 350 units at $9
Oct. 13 Sale 180 units
Oct. 22 Purchase 330 units at $11
Oct. 29 Sale 300 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.
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.
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.
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