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Determine the weighted average unit cost

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Perpetual Inventory Using Weighted Average

Beginning inventory, purchases, and sales for 30xT are as follows:

May 1   Inventory 50 units at $80
12   Sale 35 units
23   Purchase 60 units at $90
26   Sale 55 units

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

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

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

Reference no: EM131747817

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