Perpetual inventory using weighted averageBeginning inventory, purchases, and sales for WCS12 are as follow s: oct1 Inventory 320 units at $10 13 Sale 180 units 22 Purchase 360 unita at $12 29 Sale 300 units Assuming a perpetual inventory system and using the weighted average method, determine (a) the weighted average unit cost after the October 22 purchase, (b) the cost of goods sold on October 29, and (c) the inventory on October 31.
Perpetual inventory using weighted averageBeginning inventory, purchases, and sales for WCS12 are as follow s: oct1 Inventory 320 units at $10 13 Sale 180 units 22 Purchase 360 unita at $12 29 Sale 300 units Assuming a perpetual inventory system and using the weighted average method, determine (a) the weighted average unit cost after the October 22 purchase, (b) the cost of goods sold on October 29, and (c) the inventory on October 31.
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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Perpetual inventory using weighted average
Beginning inventory, purchases, and sales for WCS12 are as follow s:
oct1 | Inventory | 320 units at $10 |
13 | Sale | 180 units |
22 | Purchase | 360 unita at $12 |
29 | Sale | 300 units |
Assuming a perpetual inventory system and using the weighted average
method, determine
(a) the weighted average unit cost after the October 22 purchase,
(b) the cost of goods sold on October 29, and
(c) the inventory on October 31.
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