Question

Beginning inventory, purchases, and sales for H76 are as follows: July 1 Inventory 300 units at...

Beginning inventory, purchases, and sales for H76 are as follows:

July 1 Inventory 300 units at $120
12 Sale 210 units
23 Purchase 360 units at $135
26 Sale 330 units

Assuming a perpetual inventory system and using the weighted average method, determine (a) the weighted average unit cost after the July 23 purchase, (b) the cost of the merchandise sold on July 26, and (c) the inventory on July 31.

Homework Answers

Answer #1

ANSWER:--

GIVEN THAT:--

​​​​​​​

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 Inventory 340 units at...
Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 Inventory 340 units at $11 13 Sale 200 units 22 Purchase 360 units at $13 29 Sale 200 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. $per unit b. Assuming a perpetual inventory system and using the weighted average method, determine the cost of goods...
Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item ER27 are as follows: July...
Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item ER27 are as follows: July 1 Inventory 64 units @ $24 9 Sale 42 units 13 Purchase 72 units @ $25 28 Sale 30 units Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of merchandise sold on July 28 and (b) the inventory on July 31. a. Cost of merchandise sold on July 28 $ b. Inventory on July 31 $
Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct....
Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 Inventory 320 units at $10 13 Sale 180 units 22 Purchase 360 units at $12 29 Sale 300 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. $ per unit b. Assuming a perpetual inventory system and using the weighted average...
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...
Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct....
Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 Inventory 300 units at $8 13 Sale 175 units 22 Purchase 375 units at $10 29 Sale 280 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. $per unit b. Assuming a perpetual inventory system and using the weighted average method,...
Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item HM46 are as follows: August...
Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item HM46 are as follows: August 1 Inventory 56 units @ $23 9 Sale 45 units 13 Purchase 54 units @ $26 28 Sale 17 units Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of merchandise sold on August 28 and (b) the inventory on August 31. a. Cost of merchandise sold on August 28 $ b. Inventory on August 31 $
Beginning inventory, purchases, and sales for Item ER27 are as follows: October 1 Inventory 106 units...
Beginning inventory, purchases, and sales for Item ER27 are as follows: October 1 Inventory 106 units @ $19 5 Sale 85 units 11 Purchase 118 units @ $23 21 Sale 99 units Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of merchandise sold on October 21 and (b) the inventory on October 31. a. Cost of merchandise sold on October 21 $fill in the blank 1 b. Inventory on October 31 $fill...
Beginning inventory, purchases, and sales for Product XCX are as follows: Sept. 1 Beginning Inventory 26...
Beginning inventory, purchases, and sales for Product XCX are as follows: Sept. 1 Beginning Inventory 26 units @ $13       5 Sale 14 units      17 Purchase 22 units @ $15      30 Sale 16 units Assuming a perpetual inventory system and the last-in, first-out method, determine (a) the cost of the merchandise sold for the September 30 sale and (b) the inventory on September 30. a) Cost of merchandise sold $ b) Inventory, September 30 $
Beginning inventory, purchases, and sales for Item Copper are as follows: Mar. 1 Inventory 450 units...
Beginning inventory, purchases, and sales for Item Copper are as follows: Mar. 1 Inventory 450 units at $7 9 Sale 390 units 13 Purchase 410 units at $8 25 Sale 340 units Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of merchandise sold on March 25 and (b) the inventory on March 31.
Beginning inventory, purchases, and sales for Item ER27 are as follows: May 1 Inventory 57 units...
Beginning inventory, purchases, and sales for Item ER27 are as follows: May 1 Inventory 57 units @ $19 9 Sale 47 units 13 Purchase 35 units @ $22 28 Sale 17 units Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of merchandise sold on May 28 and (b) the inventory on May 31. a. Cost of merchandise sold on May 28 $fill in the blank 1 b. Inventory on May 31 $fill...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT