Perpetual Inventory Using Weighted Average
Beginning inventory, purchases, and sales for WCS12 are as follows:
Oct. 1 Inventory 330 units at $13
Oct. 13 Sale 160 units
Oct. 22 Purchase 330 units at $15
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. Round your answer to two decimal places.
1. $fill in the blank per 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.
2. $fill in the blank
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.
3. $fill in the blank
