Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac

تمرين 34

Perpetual inventory using weighted average
Beginning inventory, purchases, and sales for WCS12 are as follows:

Assuming a perpetual inventory system and using the weighted average method, determine (A) the weighted average unit cost after the October 22 purchase, (B) the cost of goods sold on October 29, and (C) the inventory on October 31.