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2 [14 points] The Gulf Corp company has the following purchases and sales during the year ended December 31, 2014 Inventory and Purchases Beginning 300
2 [14 points] The Gulf Corp company has the following purchases and sales during the year ended December 31, 2014 Inventory and Purchases Beginning 300 units @ $51/unit February 23 200 units @ $49unit August 3: 100 units $51/unit Sales June 28 200 units October 30 300 units The units have a selling price of $60.00 per unit a) Given that Gulf Corp. employs a perpetual inventory system, calculate the cost of goods available for sale and the number of units available for sale, as well as t Cost of goods available for sale: Units available for sale Units remaining in ending inventory aremaning in ending b) Please fit in the table by calculating the dollar value of cost of goods sold and ending inventory, as well as the gross proft eamed by Gulf Corp using the weighted average system Calculats weighted average cost per unit of merchandise inventory to the nearest cont Cost of Goods Gol Ending Inventory Gross Profe Weighted Average
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