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12/1/2019 Bought 5 inventory items for $50.00 each 12/5/2019 Bought 3 inventory items for $60.00 each 12/7/2019 Sold 6 inventory items for $75.00 each 12/10/2019
12/1/2019 Bought 5 inventory items for $50.00 each 12/5/2019 Bought 3 inventory items for $60.00 each 12/7/2019 Sold 6 inventory items for $75.00 each 12/10/2019 Bought 4 inventory items for $45.00 each 12/15/2019 Sold 2 inventory items for $72.00 each Create the general journal entries and maintain the Inventory Subsidiary Account using the perpetual cost averaging (weighted average) inventory method (check figure: ending inventory balance = $191.67)
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