Perpetual inventory using weighted average Beginning inventory, purchases, and sales for WCS12 are as follows: Inventory Sale Oct. 1 Oct. 13 Oct. 22 Purchase Oct. 29 Sale 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 300 units at $15 150 units 350 units at $17 300 units 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.

5.The following data pertain to Cross Company (assume a perpetual inventory system) for the month ended January 31, 2019:   Date           Description                  Units                 Unit Cost       Unit Selling Price     Jan.1        Beg. Inventory                   10                        $50           5        Purchase                              25                          52         10        Sale                                       (6)                                                        $80         16        Sale                                     (10)                                                          82         20        Purchase                              12                          55         25        Sale                                     (20)                                                          85   Required: 1. Compute the cost of goods sold and ending inventory under FIFO. 2. Compute Gross Margin under FIFO

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Beginning inventory, purchases, and sales for Item MMM8 are as follows: November 1 Inventory 102 16 9 Sale 89   16 Purchase 128 0 25 Sale 83   Assuming a perpetual inventory system and using the Last-in, first-out (FIFO) method, determine the inventory value on November 30.

Beginning inventory, purchases, and sales for an inventory item are as follows: Sep. 1 Beginning Inventory 24 units @ $10 5 Sale 17 units     17 Purchase 10 units @ $15 30 Sale 8 units   Assuming a perpetual inventory system and the last-in, first-out method: a.  Determine the cost of the goods sold for the September 30 sale.$fill in the blank 1

Beginning inventory, purchases, and sales for Item FK7 are as follows: Sep 1     inventory     115 units at $225       10     sales           100 units       18     purchase     110    units at $260       27     sales            105 units   Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of merchandise sold on September 27 and (b) the inventory on September 30.

Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1   Inventory 310 units at $12 13   Sale 150 units 22   Purchase 340 units at $14 29   Sale 400 units a.  Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the October 22 purchase. Round your answer to two decimal places.$fill in the blank 1per 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.$fill in the blank 2 c.  Assuming a perpetual inventory system and using the weighted average method, determine the inventory on October 31. Round your "average unit cost" to two decimal places.$fill in the blank 3

Beginning inventory, purchases, and sales for an inventory item are as follows: Sep. 1 Beginning Inventory 5 Sale 17 Purchase 30 Sale 32 units 0 19 units 35 units @ $26 35 units Assuming a perpetual inventory system and the first-in, first-out method: a. Determine the cost of the goods sold for the September 30 sale. b. Determine the inventory on September 30.

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Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 7 units at $25 $175 Aug. 7 Purchase 20 units at $27 540 Dec. 11 Purchase 10 units at $29 290 37 units $1,005 There are 16 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using (a) the first-in, first-out (FIFO) method; (b) the last-in, first-out (LIFO) method; and (c) the weighted average cost method (round per unit cost to two decimal places and your final answer to the nearest whole dollar). a. First-in, first-out (FIFO) b. Last-in, first-out (LIFO) c. Weighted average cost