Beginning inventory, purchases, and sales for WCS12 are as follows:Oct.Inventory300 units at $8Sale13175 unitsPurchase375 units at $1022280 unitsSale29Assuming a perpetual inventory system and using the weighted average method, deter-mine (a) the weighted average unit cost after the October 22 purchase, (b) the cost ofthe merchandise sold on October 29, and (c) the inventory on October 31.

(a)Calculate weighted average unit cost after October 22 purchases.

Answered: Beginning inventory, purchases, and…

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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