Find the units cost total cost and quantity

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Reference no: EM131179023

Weighted Average Cost Method with Perpetual Inventory

The beginning inventory for Dunne Co. and data on purchases and sales for a three-month period are as follows:

Date	Transaction	Number of Units	Per Unit	Total
Apr. 3	Inventory	25	$1,200	$30,000
8	Purchase	75	1,240	93,000
11	Sale	40	2,000	80,000
30	Sale	30	2,000	60,000
May 8	Purchase	60	1,260	75,600
10	Sale	50	2,000	100,000
19	Sale	20	2,000	40,000
28	Purchase	80	1,260	100,800
June 5	Sale	40	2,250	90,000
16	Sale	25	2,250	56,250
21	Purchase	35	1,264	44,240
28	Sale	44	2,250	99,000

Required:

1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record.

2. Find the units cost , total cost and quantity.

Reference no: EM131179023

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