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Determine the cost of the merchandise sold on july

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Question - Perpetual Inventory Using Weighted Average - Beginning inventory, purchases, and sales for H76 are as follows:

July 1 Inventory 300 units at $120

July 12 Sale 210 units

July 23 Purchase 360 units at $135

July 26 Sale 330 units

Required -

a. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the July 23 purchase.

b. Assuming a perpetual inventory system and using the weighted average method, determine the cost of the merchandise sold on July 26.

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

Reference no: EM133150097

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