Solution-Determine weighted average unit cost after October

Determine weighted average unit cost after October purchase

Assignment Help Cost Accounting

Reference no: EM133032414

Question - Perpetual Inventory Using Weighted Average

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

Oct. 1 Inventory 340 units at $11

Oct 13 Sale180 units

Oct 22 Purchase 340 units at $14

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.

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

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

Reference no: EM133032414

Questions Cloud

Determine the amount of sales revenue Solomon will report : The company expects a 11 percent increase in sales per month for February and March. Determine the amount of sales revenue Solomon will report

What is their price variance : When you take a look at their actual usage, you notice that they used 5,000 components at a cost of $2.75 each. What is their price variance

What is the cost of common stock : If the dividends to be paid in one year from now on a common stock issue are $2.8 per. What is the cost of common stock

What is the sensitivity of the NW to changes : The tax rate is 33 percent, and the cost of capital is 10 percent. What is the sensitivity of the NW to changes in the quantity of the new clubs sold

Determine weighted average unit cost after October purchase : Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the October 22 purchase

How many units would the company need to sell : e. How many units would the company need to sell to break even if its fixed costs increased by P7,865

How much should this firm charge for the product : The estimated cost function is C = 20 + 2Q2. How much should this firm charge for the product. In the long run should this firm continue to operate or shut down

What factors should you as an auditor consider : You have the option to model either scenario of accepting, or rejecting a prospective client, but not both. What factors should you as an auditor consider

What is the ending inventory balance : The firm uses the periodic system, and there are 23 units of the commodity on hand at the end of the year. What is the ending inventory balance

User Account

All Pages

Determine weighted average unit cost after October purchase

Reference no: EM133032414

Reference no: EM133032414

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT