Business, 16.10.2019 06:00 kkmoney

Perpetual inventory using weighted average beginning inventory, purchases, and sales for wcs12 are as follows: oct. 1 inventory 320 units at $10 13 sale 180 units 22 purchase 360 units at $12 29 sale 300 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. $ 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. $ 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. $ previousnext

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Answer from: Inriso

a. Weighted Average Unit Costs = [360 units×$12 + (320-180)×$10] / [360+(320-180)]units}

Weighted Average Unit Costs = $5720 / 500 units

Weighted Average Unit Costs = $11.44

b. Cost of Good Sold on 29 October = 300 units * Weighted Average Unit Costs

Cost of Good Sold on 29 October = 300 units × $11.44

Cost of Good Sold on 29 October = $3,432

c. Inventory on October 31 = (500 - 300) × $11.44

Inventory on October 31 = 200 units * $11.44

Inventory on October 31 = $2,288

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