Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 Inventory 300 units at...

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

Oct. 1	Inventory	300 units at $8
13	Sale	175 units
22	Purchase	375 units at $10
29	Sale	280 units

a. Assuming a perpetual inventory system and using the weighted average cost method, determine the weighted average unit cost after the October 22 purchase. Round your answer to two decimal places.
$fill in the blank 1per unit

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.
$fill in the blank 2

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.
$fill in the blank 3

Solutions

Expert Solution

ekkarill92 answered 10 months ago

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