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Determine weighted average unit cost after October purchase

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Reference no: EM133100198

Question - Beginning inventory, purchases, and sales for WCS12 are as follows:

Oct. 1

Inventory

310 units at $12

Oct. 13

Sale

170 units

Oct. 22

Purchase

360 units at $13

Oct. 29

Sale

400 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: EM133100198

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