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Determine the weighted average unit cost after the october

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Reference no: EM132945240

Perpetual Inventory Using Weighted AverageBeginning inventory, purchases, and sales for WCS12 are as follows:

Oct. 1 Inventory 340 units at $11

Oct 13 Sale180 units

Oct 22 Purchase 340 units at $14

Oct 29 Sale 400 units

Problem 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.

Problem 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.

Problem 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.

Reference no: EM132945240

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