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.

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Description: Perpetual inventory using weighted averageBeginning inventory, purchases, and sales for WCS12 are as follows:DateOct. 1Oct. 13Oct. 22Oct. 29Line Item DescriptionInventorySalePurchaseSaleValue320 units at $20200 units380 units at $22300 unitsa. Assum

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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