Weighted average 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 ### Perpetual Inventory Using Weighted Average#### Beginning Inventory, Purchases, and Sales for WCS12:- **October 1: Inventory** - 320 units at $20- **October 13: Sale** - 200 units- **October 22: Purchase** - 380 units at $22- **October 29: Sale** - 300 units---**a. Calculate the Weighted Average Unit Cost After the October 22 Purchase.**Using a perpetual inventory system and the weighted average method, determine the weighted average unit cost:- **Calculated Average Unit Cost:** $21.52 per unit---**b. Determine the Cost of Goods Sold on October 29.**Using a perpetual inventory system and the weighted average method:- **Cost of Goods Sold:** $6,456---**c. Determine the Inventory on October 31.**Assuming a perpetual inventory system and using the weighted average method, calculate the inventory for October 31. Round your "average unit cost" to two decimal places.

Introduction:- Calculation of Weighted average cost per unit on October-29 as follows:- =Weighted…

Answered: Assuming a perpetual inventory system…

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 ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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

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