Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 330 units at $11 Inventory Sale Purchase Sale a. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the October 22 purchase. Round your answer to two decimal places per unit 13 22 29 160 units 330 units at $13 400 units b. Assuming a perpetual inventory system and using the weighted average method, determine the cost of goods sold on October 29. Round your "average unit cost to two decimal places. & Assuming a perpetual inventory system and using the weighted average method, determine the inventory on October 31. Round your "average unit cost to two decimal places.
Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 330 units at $11 Inventory Sale Purchase Sale a. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the October 22 purchase. Round your answer to two decimal places per unit 13 22 29 160 units 330 units at $13 400 units b. Assuming a perpetual inventory system and using the weighted average method, determine the cost of goods sold on October 29. Round your "average unit cost to two decimal places. & Assuming a perpetual inventory system and using the weighted average method, determine the inventory on October 31. Round your "average unit cost to two decimal places.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Beginning inventory, purchases, and sales for WCS12 are as follows:
330 units at $11
160 units
330 units at $13
400 units
a. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the October 22 purchase. Round your answer to
two decimal places
per unit
Oct. 1
13
22
29
Inventory
Sale
Purchase
Sale
b. Assuming a perpetual inventory system and using the weighted average method, determine the cost of goods sold on October 29. Round your "average unit cost to two decimal
places.
C. Assuming a perpetual inventory system and using the weighted average method, determine the inventory on October 31. Round your "average unit cost to two decimal places.
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