Perpetual inventory using weighted average
beginning inventory, purchases, and sales for meta-b1 are as follows:
july 1 inventory 100 units at $400
12 sale 70 units
23 purchase 120 units at $450
26 sale 110 units
a. assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the july 23 purchase.
$per unit
b. assuming a perpetual inventory system and using the weighted average method, determine the cost of the merchandise sold on july 26.
$
c. assuming a perpetual inventory system and using the weighted average method, determine the inventory on july 31.
$