Determine the weighted average unit cost

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Problem

Perpetual Inventory System Using Weighted Average

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

Oct. 1 Inventory 300 units at $15
13 Sale 190 units
22 Purchase 390 units at $16
29 Sale 200 units

I. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the October 22 purchase. Get the instant assignment help.

II. Assuming a perpetual inventory system and using the weighted average method, determine the cost of goods sold on October 29.

III. Assuming a perpetual inventory system and using the weighted average method, determine the inventory on October 31.

Reference no: EM133971515

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