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Question: Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for ZT901 are as follows:

a. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the July 15 purchase. Round your answer to two decimal places.

b. Assuming a perpetual inventory system and using the weighted average method, determine the cost of the merchandise sold on July 27. 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 July 31. Round your "average unit cost" to two decimal places.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92574181

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