Perpetual Inventory Using Weighted Average…

Question:

Perpetual Inventory Using Weighted Average

Beginning inventory, purchases, and sales for 30xT are as follows:

May 1Inventory50 units at $80
12Sale35 units
23Purchase60 units at $90
26Sale55 units

Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the May 23 purchase.

$per unit

b. Assuming a perpetual inventory system and using the weighted average method, determine the cost of the merchandise sold on May 26.
$

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

Answer:

Click to Rate This Answer!
[Total: 0 Average: 0]

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.