Solution-Determine the cost of goods sold on October

Determine the cost of goods sold on October

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Reference no: EM133106766

Question - Perpetual Inventory Using Weighted Average - Beginning inventory, purchases, and sales for WCS12 are as follows:

Oct. 1 Inventory 350 units at $15

Oct. 13 Sale 150 units

Oct. 22 Purchase 300 units at $16

Oct. 29 Sale 200 units

Required -

a. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the October 22 purchase.

b. Assuming a perpetual inventory system and using the weighted average method, determine the cost of goods sold on October 29.

c. Assuming a perpetual inventory system and using the weighted average method, determine the inventory on October 31.

Reference no: EM133106766

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Determine the cost of goods sold on October

Reference no: EM133106766

Reference no: EM133106766

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