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1 The following purchases and sales took place at ZZZ Company Limited during the month of May 2023. The company had no inventory on hand
1 The following purchases and sales took place at ZZZ Company Limited during the month of May 2023. The company had no inventory on hand on May 1, 2023. ZZZ company Limited uses the perpetual inventory system. 2023 May 5 Purchased 200 units from ABC Company Limited for $10 per unit. May 7 Sold 100 units to DEF Company Limited. May 13 Sold 50 units to GHI Company Limited. May 15 Purchased 70 units from JKL Company Limited at $13 per unit. May 24 Sold 20 units to MNO Company Limited. Required Fill in the inventory schedule using the weighted average cost inventory valuation method. Date Receipt Issues Balance Quantity Price Total Quantity Price Total Quantity Price Total $ $ $ $ $ $ May 1 Opening Balance: 0 0 0 May 5 May 7 May 13 May 15 May 24 Ending Inventory
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