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Determine weighted average unit cost after October purchase

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Reference no: EM133032414

Question - Perpetual Inventory Using Weighted Average

Beginning 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

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: EM133032414

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