Perpetual Average Inventory Method Examples, Concepts, Illustrations, Sample Help Online

Looking for Perpetual Average Inventory Method Example, Concepts, Illustration and Calculation to do your assignment, homework or project then you are at the correct place.

Understanding Perpetual Average Inventory Method

Under average cost method, the cost of ending inventory and cost of goods sold for a period is calculated on the basis of weighted average cost per unit of inventory. Weighted average cost per unit is calculated using the following formula

Weighted Average Unit Cost = Total Cost of Inventory/ Total Units in Inventory
Perpetual Average Inventory Method Example Explanation
Let’s understand the concept with an example.

Services We Offer

Services Provided for Accounting

Accounting always put student on worries and stress. But with Assignment Consultancy for your help, you can remove all your worries by going through our various services:-

Features

Features for Accounting Assignment Help Services

Zero Plagiarism
We believe in providing no plagiarism work to the students. All are our works are unique and we provide Free Plagiarism report too on requests.

Best Customer Service
Our customer representatives are working 24X7 to assist you in all your assignment needs. You can drop a mail to assignmentconsultancy.help@gmail.com or chat with our representative using live chat shown in bottom right corner.

Three Stage Quality Check
We are the only service providers boasting of providing original, relevant and accurate solutions. Our three stage quality process help students to get perfect solutions.

100% Confidential
All our works are kept as confidential as we respect the integrity and privacy of our clients.

Our Clients

Most of our clients are from UK, USA, Australia, Canada , UAE, New Zealand, Doha, Qatar, Muscat, Netherlands, France, Italy, Great Britain, Singapore, Malaysia looking for quality and accurate solutions.

Testimonials

Our Testimonials

Yash Batra, Student , UK University

“Great Experts to provide real time Accounts help services. They are just best in their approach”

Reham Fayad, Student MBA, USA

“They have some of the best USA experts to provide Accounts help online and also help me in my online exams.”

Graham Golith, Lancashire University, UK

“Best place to get all help in Accounts Essay and Exams. Will definitely recommend to all”

Example: Apply Perpetual Average Inventory Method to the given information for the month of March.
Mar 1 Beginning Inventory 60 units @ $15.00 per unit

5 Purchase 140 units @ $15.50 per unit
14 Sale 190 units @ $19.00 per unit
27 Purchase 70 units @ $16.00 per unit
29 Sale 30 units @ $19.50 per unit

Solution

Date Purchases Sales Balance
Units Unit Cost Total Units Unit Cost Total Units Unit Cost Total Mar 1 60 $15.00 $900
5 140 $15.50 $2,170 60 $15.00 $900
140 $15.50 $2,170
200$15.35$3,070
14 190 $15.35 $2,91610 $15.35$154
27 70 $16.00 $1,120 10$15.35$154
70 $16.00 $1,120 80 $15.92 $1,274
29 30 $15.92 $478 50 $15.92 $796
31 50 $15.92 $796

If you are looking for similar Perpetual Average Inventory Method Example type assignment, click here . You can visit us for more examples here.

Summary