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.