Perpetual inventory using weighted average Beginning inventory, purchases, and sales for WCS12 are as follows: Line Item Description Inventory Date Oct. 1 Oct. 13 Oct. 22 Oct. 29 Sale Purchase Sale Value 320 units at $20 200 units 380 units at $22 300 units a. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the October 22 purchase. Round your answer to two decimal places. fill in the blank 1 of 1$ per 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 1 of 1$ 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.
Perpetual inventory using weighted average Beginning inventory, purchases, and sales for WCS12 are as follows: Line Item Description Inventory Date Oct. 1 Oct. 13 Oct. 22 Oct. 29 Sale Purchase Sale Value 320 units at $20 200 units 380 units at $22 300 units a. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the October 22 purchase. Round your answer to two decimal places. fill in the blank 1 of 1$ per 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 1 of 1$ 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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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![Perpetual inventory using weighted average
Beginning inventory, purchases, and sales for WCS12 are as follows:
Date
Oct. 1
Oct. 13
Oct. 22
Oct. 29
Line Item Description
Inventory
Sale
Purchase
Sale
Value
320 units at $20
200 units
380 units at $22
300 units
a. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost
after the October 22 purchase. Round your answer to two decimal places.
fill in the blank 1 of 1$ per unit
b. Assuming a perpetual inventory system and using the weighted average method, determine the cost of goods sold on October
29. Round our "average unit cost" to two decimal places.
fill in the blank 1 of 1$
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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbdb9960f-6054-49fd-be1b-552162fe9ba6%2F24736974-4c1f-49b8-8dae-d9dc3cf73fe0%2Fxnp5g6b_processed.png&w=3840&q=75)
Transcribed Image Text:Perpetual inventory using weighted average
Beginning inventory, purchases, and sales for WCS12 are as follows:
Date
Oct. 1
Oct. 13
Oct. 22
Oct. 29
Line Item Description
Inventory
Sale
Purchase
Sale
Value
320 units at $20
200 units
380 units at $22
300 units
a. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost
after the October 22 purchase. Round your answer to two decimal places.
fill in the blank 1 of 1$ per unit
b. Assuming a perpetual inventory system and using the weighted average method, determine the cost of goods sold on October
29. Round our "average unit cost" to two decimal places.
fill in the blank 1 of 1$
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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