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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

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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: Sales Date Purchases Units Cost per unit 12 $1.000 Date Units Jan. 5 July 4 15 Price per unit $2,000 2,000 June 11 12 1,180 Dec. 29 33 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, eg. 52.75 and final answers to decimal places, eg. 5,275.) Ending inventory $ Cost of goods sold $ Gross profit $ idgeport 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, eg. 52.75 and final answers to decimal places, eg. 5,275.) Ending inventory Cost of goods sold Gross profit Question Part Score Prepare journal entries to record the December 20 purchase and the December 29 sale using (1) weighted average periodic (2) weighted average perpetual. Assume both the sale and purchase were for cash. (Round final answers to decimal places, e 5.275. If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatic 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 Dec. 20 Credit (To record cash purchase.) Dec. 29 (To record cash sales.) Dec. 29 (To record cost of goods sold.)

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