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.

Name: nventonesPE 7-4A Perpetual inventory using weighted averageBeginning
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Description: nventonesPE 7-4A Perpetual inventory using weighted averageBeginning inventory, purchases, and sales for 30xT are as follows:EE 7-4 p. 330OBJ. 3May 1Inventory50 units at $80SHOWЕ НOW12Sale35 units23Purchase60 units at $9026Sale55 unitsAssuming a per

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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