Beginning inventory, purchases, and sales for H76 are as follows: July 1...
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Accounting
Beginning inventory, purchases, and sales for H76 are as follows:
July 1
Inventory
300 units at $120
12
Sale
210 units
23
Purchase
360 units at $135
26
Sale
330 units
a. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the July 23 purchase. $fill in the blank 1per unit
b. Assuming a perpetual inventory system and using the weighted average method, determine the cost of the merchandise sold on July 26. $fill in the blank 2
c. Assuming a perpetual inventory system and using the weighted average method, determine the inventory on July 31. $fill in the blank 3
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