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Beginning inventory, purchases, and sales for WCS12 are as follows:
Perpetual Inventory Using Weighted Average
Oct. 1
Inventory330 units at $1413
Sale150 units22
Purchase320 units at $1529
Sale400 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.
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