Calculating Weighted Average Unit Cost Under the Perpetual System of Inventory Gentry Corporation has the following information: Beginning of year units of Inventory Beginning of year dollar cost of Inventory 1.) What is the weighted average cost per unit of inventory at 2/183 ? 2.) What is the weighted average cost per unit of inventory at 7/113 ? 3.) What is the weighted average cost per unit of inventory at 12/313 ? 4.) Cakulate cost of goods sold for the sale that occurred on 1/223. 5.) Caiculate cost of goods sold for the sale that occurred on 12/313. 6.) Calculate the ending inventory balance at 12/31/3 in dollars. 7.) Calculate the ending inventory balance at 12/31/3 in units. Page 2 of 3 Complete the missing items in the Cost of Goods Sold Formula: Beginning of period inventory Plus: Purchases 8.) Equals 9.) Less: Equals: Cost of Goods Sold 10.) In times of rising prices which inventory method will produce the highest cost of goods sold