Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for Meta-B1 are as follows:...
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Accounting
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. $
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