Download PE 7-4A Perpetual Inventory using weighted Average Beginning

PE 7-4A Perpetual Inventory using weighted Average
Beginning inventory, purchases and sales for ZT901 are as follows:
July 1
Inventory
100 units at $60
8
sales
60 units
15
purchases
120 units at $75
27
sales
84 units
Assuming a perpetual inventory system and using the weighted average method,
determine (a) the weighted average unit cost after July 15 purchase, (b) the cost of
the merchandise sold on July 27, and (c) the inventory on July 31.
PE 7-4B Perpetual Inventory using weighted Average
Beginning inventory, purchases and sales for WCS12 are as follows:
Oct 1
13
22
29
Inventory
sales
purchases
sales
300 units at $8
175 units
375 units at $10
280 units
Assuming a perpetual inventory system and using the weighted average method,
determine (a) the weighted average unit cost after October 22 purchase, (b) the cost
of the merchandise sold on October 29, and (c) the inventory on Octuber 31.
EX 7-8 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 2
Inventory
1000 units at $150
Mar 18
Sales
800 units
May 2
Purchase
1800 units at $115
Aug 9
Sales
1500 units
Oct 20
Purchase
700 units at $ 160.50
The form uses the Weighted Average cost method with a perpetual inventory
system. Determine the cost of merchandise sold for each sale and the inventory
balance at each sale. Present the data in the form illustrated in exhibit 5.