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: Date Jan. 5 June 11 Oct. 18 Purchases Units Cost per unit 12 $1,000 12 1,180 14 1,300 21 1,550 Date July 4 Dec. 29 Sales Units 15 33 Price per unit $2,000 2,000 Dec. 20 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 decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter 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 Debit Credit Date Account Titles and Explanation Dec. 20 (To record cash purchase.) Dec. 29 (To record cash sales.) Dec. 29 (To record cost of goods sold.) 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 O decimal places, e.g. 5,275.) Ending inventory $ $ Cost of goods sold $ $ Gross profit TA