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lefaulkner
Oct 27, 2009, 07:34 PM
The Boxwood Company Sells blankets for $60 each.
Purchase 5 units 30$
Purchase 10 units 34$
Purchase 10 units 40$

Sale 3 units
Sale 6 units
Sale 3 units

Assuming that the company uses the perpetual inventory system, determine the ending inventory for the month of May using the average inventory cost method.
morgaine300
Oct 28, 2009, 01:03 AM
There's an example of weighted average if you scroll down a bit:
Principles of Accounting Chapter 8 (http://www.principlesofaccounting.com/chapter%208.htm#perpetual%20inventory%20systems)

We don't just do people's homework for them, so see if you can give this a shot and feel free to submit whatever you come up with for someone to check.