Question

Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 Inventory 320 units at...

Beginning inventory, purchases, and sales for WCS12 are as follows:

Oct. 1 Inventory 320 units at $14

13    Sale 160 units

22 Purchase    340 units at $16

29    Sale    400 units

a. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the October 22 purchase. Round your answer to two decimal places.    1 per unit

b. Assuming a perpetual inventory system and using the weighted average method, determine the cost of goods sold on October 29. Round your "average unit cost" to two decimal places.

c. Assuming a perpetual inventory system and using the weighted average method, determine the inventory on October 31. Round your "average unit cost" to two decimal places.

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