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Assuming a perpetual inventory system and using the weighted average method to determine the inventory on October 31st round your average unit costs to 2 dec

Assuming a perpetual inventory system and using the weighted average method to determine the inventory on October 31st round your average unit costs to 2 dec

Financial And Managerial Accounting
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter6: Inventories
Section: Chapter Questions
Problem 4BE: Beginning inventory, purchases, and sales for WCS12 are as follows: Assuming a perpetual inventory...
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Question c)  Assuming a perpetual inventory system and using the weighted average method to determine the inventory on October 31st round your average unit costs to 2 decimal places

rpetual inventory using weighted average eginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 Inventory 320 units at $20 Oct. 13 Sale 200 units Oct. 22 Purchase 380 units at $22 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. Roun $ 21.52 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 cc 6,456 69 c. Assuming a perpetual inventory system and using the weighted average method, determine the inventory on October 31. Round your "average unit cost" to tw S M
Transcribed Image Text:rpetual inventory using weighted average eginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 Inventory 320 units at $20 Oct. 13 Sale 200 units Oct. 22 Purchase 380 units at $22 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. Roun $ 21.52 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 cc 6,456 69 c. Assuming a perpetual inventory system and using the weighted average method, determine the inventory on October 31. Round your "average unit cost" to tw S M
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