Perpetual inventory using weighted average Beginning inventory, purchases, and sales for WCS12 are as follows: 340 units at $8 180 units 340 units at $10 200 units Oct. 1 Inventory Oct. 13 Sale Oct. 22 Purchase Oct. 29 Sale a. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the Octob 22 purchase. Round your answer to two decimal places. 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. 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
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Chapter1: Financial Statements And Business Decisions
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Perpetual inventory using weighted average
Beginning inventory, purchases, and sales for WCS12 are as follows:
340 units at $8
180 units
340 units at $10
200 units
Oct. 1
Oct. 13
Oct. 22
Oct. 29 Sale
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.
per unit
Inventory
Sale
Purchase
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.
Transcribed Image Text:Perpetual inventory using weighted average Beginning inventory, purchases, and sales for WCS12 are as follows: 340 units at $8 180 units 340 units at $10 200 units Oct. 1 Oct. 13 Oct. 22 Oct. 29 Sale 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. per unit Inventory Sale Purchase 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.
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