Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for H76 are as follows: July 1 Inventory 300 units at $120 12 Sale 210 units 23 Purchase 360 units at $135 26 Sale 330 units a. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the July 23 purchase. 123.75 X per unit b. Assuming a perpetual inventory system and using the weighted average method, determine the cost of the merchandise sold on July 26. $ 40,837.5 x C. Assuming a perpetual inventory system and using the weighted average method, determine the inventory on July 31.

Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for H76 are as follows: July 1 Inventory 300 units at $120 12 Sale 210 units 23 Purchase 360 units at $135 26 Sale 330 units a. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the July 23 purchase. 123.75 X per unit b. Assuming a perpetual inventory system and using the weighted average method, determine the cost of the merchandise sold on July 26. $ 40,837.5 x C. Assuming a perpetual inventory system and using the weighted average method, determine the inventory on July 31.

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Description: eBookShow Me HowPerpetual Inventory Using Weighted AverageBeginning inventory, purchases, and sales for H76 are as follows:July 1Inventory300 units at $12012Sale210 units23Purchase360 units at $13526Sale330 unitsa. Assuming a perpetual inventory sys

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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