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Determine the weighted average unit cost

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Reference no: EM132646215

Problem - Perpetual inventory using weighted average

Beginning inventory, purchases, and sales for H76 are as follows:

July 1 Inventory 300 units at $120

July 12 Sale 210 units

July 23 Purchase 360 units at $135

July 26 Sale 330 units

Assuming a perpetual inventory system and using the weighted average method, determine (a) the weighted average unit cost after the July 23 purchase, (b) the cost of the merchandise sold on July 26, and (c) the inventory on July 31.

Reference no: EM132646215

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