$($Click the icon to view the transactions.$)$

Assume PowersDistributors uses the moving$-$weighted$-$average$-$cost method.

Required

Prepare a perpetual inventory record at moving$-$weighted$-$average cost.

Prepare a multi$-$step income statement for PowersDistributors for the month of December$2023$to calculate operating income. on hand, use the technique as outlined in the text. Rounding issues will occur. if alternate methods are used.$)$

$\backslash$table$[[$CRATES$],[,$Purchases,Cost of Goods Sold,Inventory on Hand$],[,$QTY$,$Unit Cost,Total Cost,QTY$,$Unit Cost,Total Cost,QTY$,$Unit Cost,Total Cost$],[$Beginning$],[$December $10],[$December $15],[$December $22],[$December $29],[$Ending$,,,,,,,,,]]$

Transactions

December $10$ Purchased $37$ units at $$350.$

December $15$ Sold $42$ units at $$660.$

December $22$ Purchased $86$ units at $$380.$

December $29$ Sold $81$ units at $$760.$

December $31$ Reported monthly operating expenses of $$32,000.$ The company paid one$-$third with cash, and the rest was recorded on account.

December $31$ Paid $$19,000$ of the Accounts Payable balance.