Bridgeport Corporation opened a new store on January 1, 2021. During 2021, the first year of operations, the following purchases and sales of inventory were made:

Purchases							Sales
Date		Units			Cost per unit		Date		Units			Price per unit
Jan. 5		12			$1,000		July 4		15			$2,000
June 11		12			1,180		Dec. 29		33			2,000
Oct. 18		14			1,300
Dec. 20		21			1,550

Calculate the cost of goods available for sale and the number of units of ending inventory.

Cost of goods available for sale		$
Number of units of ending inventory			units

Assume Bridgeport uses weighted average periodic. Calculate the cost of ending inventory, cost of the goods sold, and gross profit. (Round the weighted average cost per unit to two decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 5,275.)

Ending inventory		$
Cost of goods sold		$
Gross profit		$

Assume Bridgeport uses weighted average perpetual. Calculate the cost of ending inventory, cost of the goods sold, and gross profit. (Round the weighted average cost per unit to two decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 5,275.)

Ending inventory		$
Cost of goods sold		$
Gross profit		$

Prepare journal entries to record the December 20 purchase and the December 29 sale using (1) weighted average periodic and (2) weighted average perpetual. Assume both the sale and purchase were for cash. (Round final answers to 0 decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) (1) Weighted Average periodic

Date	Account Titles and Explanation	Debit	Credit
Dec. 20
	(To record cash purchase.)
Dec. 29
	(To record cash sale.)

(2) Weighted Average perpetual

Date	Account Titles and Explanation	Debit	Credit
Dec. 20
	(To record cash purchase.)
Dec. 29
	(To record cash sales.)
Dec. 29
	(To record cost of goods sold.)