You have the following information for Wildhorse Inc. for the month ended October 31, 2025. Wildhorse uses a periodic system for inventory. Date Oct. 1 Oct. 9 Oct. 11 Oct. 17 Oct. 22 Oct. 25 Oct. 29 (a1) Description Beginning inventory Purchase Sale Purchase Sale Purchase Sale Your answer is correct. Units Unit Cost or Selling Price 55 125 90 90 55 65 100 Weighted-average cost per unit $ $24 26.522 26 35 27 40 29 Calculate the weighted-average cost. (Round answer to 3 decimal places, e.g. 5.125.) 40

You have the following information for Wildhorse Inc. for the month ended October 31, 2025. Wildhorse uses a periodic system for inventory. Date Oct. 1 Oct. 9 Oct. 11 Oct. 17 Oct. 22 Oct. 25 Oct. 29 (a1) Description Beginning inventory Purchase Sale Purchase Sale Purchase Sale Your answer is correct. Units Unit Cost or Selling Price 55 125 90 90 55 65 100 Weighted-average cost per unit $ $24 26.522 26 35 27 40 29 Calculate the weighted-average cost. (Round answer to 3 decimal places, e.g. 5.125.) 40

Name: Haresh You have the following information for Wildhorse Inc. for the m
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Description: Haresh You have the following information for Wildhorse Inc. for the month ended October 31, 2025. Wildhorse uses a periodic system forinventory.DateOct. 1Oct. 9Oct. 11Oct. 17Oct. 22Oct. 25Oct. 29(a1)DescriptionBeginning inventoryPurchaseSalePurchase

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter7: Inventories

Section: Chapter Questions

Problem 4PEB: Beginning inventory, purchases, and sales for WCS12 are as follows: Assuming a perpetual inventory...

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Beginning inventory, purchases, and sales for WCS12 are as follows: Assuming a perpetual inventory system and using the weighted average method, determine (a) the weighted average unit cost after the October 22 purchase, (b) the cost of goods sold on October 29, and (c) the inventory on October 31.
Calculate a) cost of goods sold, b) ending inventory, and c) gross margin for A76 Company, considering the following transactions under three different cost allocation methods and using perpetual inventory updating. Provide calculations for first-in, first-out (FIFO).
Beginning inventory, purchases, and sales for WCS12 are as follows: Assuming a perpetual inventory system and using the weighted average method, determine (a) the weighted average unit cost after the October 22 purchase, (b) the cost of the merchandise sold on October 29, and (c) the inventory on October 31.
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Calculate a) cost of goods sold, b) ending inventory, and c) gross margin for A76 Company, considering the following transactions under three different cost allocation methods and using perpetual inventory updating. Provide calculations for weighted average (AVG).
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