# Weighted Average Cost Flow Method Under Perpetual Inventory SystemThe following units of a particular item were available for sale during the calendar year:Jan. 1Inventory4,000 units at \$40Apr. 19Sale2,500 unitsJune 30Purchase4,500 units at \$44Sept. 2Sale5,000 unitsNov. 15Purchase2,000 units at \$46The firm uses the weighted average cost method with a perpetual inventory system. Determine the cost of goods sold for each sale and the inventory balance after each sale. Present the data in the form illustrated in Exhibit 5.Schedule of Cost of Goods SoldWeighted Average Cost Flow Method PurchasesCost of Goods SoldInventoryDateQuantityUnit CostTotal CostQuantityUnit CostTotal CostQuantityUnit CostTotal CostJan. 1         Apr. 19         June 30         Sept. 2         Nov. 15         Dec. 31Balances

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Weighted Average Cost Flow Method Under Perpetual Inventory System

The following units of a particular item were available for sale during the calendar year:

 Jan. 1 Inventory 4,000 units at \$40 Apr. 19 Sale 2,500 units June 30 Purchase 4,500 units at \$44 Sept. 2 Sale 5,000 units Nov. 15 Purchase 2,000 units at \$46

The firm uses the weighted average cost method with a perpetual inventory system. Determine the cost of goods sold for each sale and the inventory balance after each sale. Present the data in the form illustrated in Exhibit 5.

Schedule of Cost of Goods Sold
Weighted Average Cost Flow Method
Purchases Cost of Goods Sold Inventory
Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost
Jan. 1
Apr. 19
June 30
Sept. 2
Nov. 15
Dec. 31 Balances
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Cost of goods sold and inventory balance, under weighte...

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