Hi. I'm self studying and I've been stuck on a question for a couple of days. I have the concepts and the calculations down pat for moving weighted average perpetual inventory systems, but as soon as a purchase discount and purchase return are factored in, I'm lost. Is someone able to show me an example of what this worksheet would look like so I have a guide to go off? I have nothing in my notes or books.

Thank you!!

a purchase return is just a reversal of a previous transaction. It would be usual for discounts to be dealt with outside of the inventory system but if not they are just an adjustment of the values with a zero quantity