walkthrough? Weighted average cost method with perpetual inventory The beginning...
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walkthrough?
Weighted average cost method with perpetual inventory The beginning inventory at Mdnight Supplies and data on purchases and sales foc a three-month period ending March 31 are as follows: Required: 1. Ancord the inventory, purchaseb, and cost of goods sold data in a perpetual inventory record similar to the one iliustrated in Exhibit 5 , using the weighted average cost method, Round unit cost to two decimal places, if necessary. Round all total cost amounts to the nearest doliar. 2. Determine the total sales, the total cost of goods sold, and the gross profit from soles for the period. 3. Determine the ending inventory cost as of March 31
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