Use the following information to answer:
The following data represent the beginning inventory and, in the order of occurrence, the purchases and sales of Tina Star Company for an operating period.

-Assuming Tina Star Company uses weighted-average (perpetual) inventory procedures, sale No. 2 is recorded as an entry to Cost of Goods Sold for:

Question

Use the following information to answer:
The following data represent the beginning inventory and, in the order of occurrence, the purchases and sales of Tina Star Company for an operating period.
 
-Assuming Tina Star Company uses weighted-average (perpetual) inventory procedures, sale No. 2 is recorded as an entry to Cost of Goods Sold for:

Quizplus · Accepted Answer

The weighted-average cost per unit is calculated by dividing the total cost of goods available for sale by the total units available for sale. Sale No. 2 would then be recorded using this average cost per unit multiplied by the number of units sold.

Use the Following Information to Answer