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Carla Vista Co uses a perpetual inventory system. The company began 2021 with 1,100 lamps in inventory at a cost of $13 per unit During
Carla Vista Co uses a perpetual inventory system. The company began 2021 with 1,100 lamps in inventory at a cost of $13 per unit During 2021, Carla Vista had the following purchases and sales of lamps. February 15 April 24 June 6 October 18 December 4 Purchased Sold Purchased Sold Purchased 2.200 units @ $19 per unit 2.750 units @ $31 per unit 3,850 units @ $24 per unit 2,200 units @ $34 per unit 1.540 units @ $27 per unit All purchases and sales are on account Calculate the cost of goods sold and ending inventory using weighted average. (Round the weighted average cost per unit to three decimal places, e... 5.275 and final answers to decimal places, eg,5,275) Average Cost of goods sold Ending inventory $ Prepare journal entries to record the June 6 purchase and the October 18 sale. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Round the average cost per unit to three decimal places, eg 5.275 and final answers to decimal places, eg. 5,275.) Date Account Titles and Explanation June 6 Debit Credit (To record purchase on account.) Oct. 18 (To record sales on account) Oct 18 (To record cost of goods sold.) Calculate gross profit for the year (Round answer to to O decimal places, es, 5,275) Gross proft
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