Question

Weighted Average Cost Flow Method Under Perpetual Inventory System The following units of a particular item were available for sale during the calendar year: Jan. 1 Inventory 30,000 units at $30.00 Mar. 18 Sale 24,000 units May 2 Purchase 54,000 units at $31.00 Aug. 9 Sale 45,000 units Oct. 20 Purchase 21,000 units at $32.10

Answer 1

Perpetual weighted averagemethod Goods Purchsed Cost of Goods sold Ending Inventory Unit Cost Total Cost Date units Unit Cost Total Cost units Unit Cost Total Cost units 30900000 30 Jan-01 30000 30000 30000 6000 6000 900000 Mar-18 30 30720000 720000 24000 180000 180000 1674000 1854000 463500 463500 463500 674100 1137600 4600 31 0.00 30.9 May-02 5400031 1674000 54000 45000 30.9 139050015000 1390500 15000 15000 21000 36000 45000 30.9 32.1 31.6 Oct-20 21000 32.1 674100 Totals $03 21105003