4) Third Avenue Furniture began June with merchandise inventory of 45 sofas that cost a total of S31,500. During the month, the company purchased and sold merchandise on account as follows: June Purchas Sal Purchas Sal 25 sofas (@ $750 each 30 sofas $1,150 each 50 sofas a $775 each 35 sofas @ $1,200 each Prepare a perpetual inventory record, using the weighted-average inventory costing method, and determine the company's cost of goods sold, ending merchandise inventory, and gross profit. (Round weighted-average cost per unit to the nearest cent and all other amounts to the nearest dollar.)