Assume that Wally World uses a periodic weighted average inventory system. During the period, it had two sales.

Assume that Q-Mart uses a perpetual FIFO inventory system. During the period, it sold 12 units.
Calculate the dollar value of its cost of goods sold for the period.
Jan 1 Beginning Inventory
Jan 5 Purchase
Jan30 Purchase
Feb 8 sale
10@$12
10@$15
10@$18
12 units

$240
$150
$210
$140



Assume that Wally World uses a periodic weighted average inventory system. During the period, it
had two sales. Calculate the weighted average cost per unit on hand as of June 30 when it figured its
cost of goods sold for the month.
Jun.1 Beginning Inventory
Jun. 5 Purchase
Jun. 28 Purchase
Jun. 8 Sale
Jun. 30 Sale
+,a
8@$12
12@$15
10@$18
6 units
8 units


$15/unit
$18/unit
$15.20/unit
$10/unit