30 PE 7-4A Perpetual inventory using weighted average Beginning inventory, purchases, and sales for 30XT are as follows: OBJ. 3 May 1 Inventory Sale 50 units at $80 12 35 units 23 Purchase 60 units at $90 26 Sale 55 units Assuming a perpetual inventory system and using the weighted average method, deter- mine (a) the weighted average unit cost after the May 23 purchase, (b) the cost of the merchandise sold on May 26, and (c) the inventory on May 31.
30 PE 7-4A Perpetual inventory using weighted average Beginning inventory, purchases, and sales for 30XT are as follows: OBJ. 3 May 1 Inventory Sale 50 units at $80 12 35 units 23 Purchase 60 units at $90 26 Sale 55 units Assuming a perpetual inventory system and using the weighted average method, deter- mine (a) the weighted average unit cost after the May 23 purchase, (b) the cost of the merchandise sold on May 26, and (c) the inventory on May 31.
Chapter1: Financial Statements And Business Decisions
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
Transcribed Image Text:nventones
PE 7-4A Perpetual inventory using weighted average
Beginning inventory, purchases, and sales for 30xT are as follows:
EE 7-4 p. 330
OBJ. 3
May 1
Inventory
50 units at $80
SHOW
Е НOW
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, deter-
mine (a) the weighted average unit cost after the May 23 purchase, (b) the cost of the
merchandise sold on May 26, and (c) the inventory on May 31.
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