BookmarkseBookWindowaphing and learning resource from Cengage LearningOct. 14301322$Perpetual Inventory Using Weighted AverageBeginning inventory, purchases, and sales for WCS12 are as follows:units at $1129ProudSaleHelpInventorySalePurchase190 units370 units at $12200 units5Check My Work 8 more Check My Work uses remainingShow Me Howv2.cengagenow.com15^I an sopia ofyou!6a. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the October 22 purchase. Round youranswer to two decimal places.Sper unitb. 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 totwo decimal places.All work saved.c. Assuming a perpetual inventory system and using the weighted average method, determine the inventory on October 31. Round your "average unit cost" to twodecimal places.MacBook Pro&7Love youthe mastest*8Otvcowboy Id930Cengage LearningEmail Instructor☎Q8Save and ExitWed Mar 15PreviousNextSubmit Assignment for Grading

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Description: BookmarkseBookWindowaphing and learning resource from Cengage LearningOct. 14301322$Perpetual Inventory Using Weighted AverageBeginning inventory, purchases, and sales for WCS12 are as follows:units at $1129ProudSaleHelpInventorySalePurchase190 unit

Inventory refers to the stock that the company held for the resell purpose or the stock that the…

Business

Accounting

eBook Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows: Inventory 320 units at $11 Sale 190 units Purchase 370 units at $12 Sale 200 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 yom answer to two decimal places. per unit Oct. 1 13 22 Show Me How 29 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.

eBook Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows: Inventory 320 units at $11 Sale 190 units Purchase 370 units at $12 Sale 200 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 yom answer to two decimal places. per unit Oct. 1 13 22 Show Me How 29 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.

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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Ow.com 20om eBook Show Me How Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Oct. 1 Inventory 46 units @ $24 7. Sale 32 units Purchase II 15 45 units @ $29 24 Sale 20 units Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, de October 24 and (b) the inventory on October 31. a. Cost of goods sold on October 24 621 X b. Inventory on October 31 1,073 X Feedback Check My Work a. When the FIFO method is used, costs are included in cost inventory in terms of "layers". Determine how much in b. The ending inventory is made up of the
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Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. June 1 Beginning inventory 50 units at $20 each June 15 Sale of 42 units for $50 each June 29 Purchase 42 units at $25 each The cost of the ending inventory is:
Beginning inventory, purchases, and sales for Item 88-HX are as follows: Jan. 1 Inventory 102 units @ $35 8 Sale 82 units 15 Purchase 113 units @ $37 27 Sale 95 units Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of goods sold on Jan. 27 and (b) the inventory on Jan. 31. a. Cost of goods sold on Jan. 27 b. Inventory on Jan. 31
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Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 Inventory 310 units at $12 13 Sale 160 units 22 Purchase 350 units at $15 29 Sale 200 units a. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the October 22 purchase. Round your answer to two decimal places.$fill in the blank 1per unit 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.$fill in the blank 2 c. Assuming a perpetual inventory system and using the weighted average method, determine the inventory on October 31. Round your "average unit cost" to two decimal places.$fill in the blank 3
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Suppose that Pharoah has the following inventory data: July 1 Beginning inventory 25 units at $5.00 5 Purchases 101 units at $5.50 14 Sale 67 units 21 Purchases 50 units at $6.00 30 Sale 47 units Assuming that a perpetual inventory system is used, what is the cost of goods sold on a LIFO basis for July? O $650.50 ○ $980.50 O $330.00 O $485.00
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Assume that Wally World uses a perpetual weighted average inventory system. During the period, it had two sales. Calculate the average cost per unit on hand as of June 30 when it made its second sale. Jun 1 Beginning Inventory 10 @ $12 Purchase 10 @ $15 Sale units Purchase 10 @ $18 8 units Jun 5 Jun 8 Jun 28 Jun 30 Sale O $10/unit O $15.375/unit O $15/unit O $13.50/unit