Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac

Exercise 44

A Perpetual inventory using weighted average
Beginning inventory, purchases, and sales for 30xT are as follows:

Assuming a perpetual inventory system and using the weighted average method, determine (a) the weighted average unit cost after the May 23 purchase, (b) the cost of the merchandise sold on May 26, and (c) the inventory on May 31.
B 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 the merchandise sold on October 29, and (c) the inventory on October 31.