2 [14 points] The Courtland Corp company has the following purchases and sales during the year ended December 31, 2014 Inventory and Purchases Beginning 300 units @$60unit February 25 200 units @$76/unt May 13 200 units @$83/unit Sales March 3 November 24:200 units 300 units The units have a selling price of $100 00 per unit Given that Courtland Corp employs a perpetual inventory system, calculate the cost of goods available for sale and the number of unts available for sain ending inventory Cast of goods available for sale ts available for sale. its remaining in ending inventory 52.500 700 200 remaining in b Please fill in the table by calculating the dollar value of cost of goods sold and ending inventory, as well as the gross profit eamed by Courtland Corp using the weighted average system culate weighted average cost per unit of merchandise inventory to the nearest cent Cost of Goods Sold Ending Inventory Gross Profit Weighted Average 525 Prepare journal entries to record the following (assuming all sales and purchases are for cash) (a) The purchase on May 13, (b) The sale on November 24 Enter the transaction later as the description when preparing a journal entry When a transaction requires two separate journal entries, use the same letter for both descriptions Dates must be entered in the format dm 15/Jan) Date General Journal Account Explanation Page 07 F Debt Cred E SAVE ANC