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Da 2022-07-25 Question 2 [14 points] The Weber inc. company has the following purchases and sales during the year ended December 31, 2014. Inventory
Da 2022-07-25 Question 2 [14 points] The Weber inc. company has the following purchases and sales during the year ended December 31, 2014. Inventory and Purchases Beginning 300 unts @ $19 unt January 23 100 units @ $20unt June 23 300 units $22lunt Sales May 12 200 units December 27 200 units The units have a selling price of $25.00 per un a) Given that Weber inc employs a perpetual inventory system, calculate the cost of goods available for sale and the number of units available for sale, as well as the units remaining in ending inventory Cost of goods avalable for sale Units available for sale Units remaining in ending inventory b) Please fit in the table by calculating the dollar value of cost of goods sold and ending inventory, as well as the gross proft earned by Weber Inc using the weighted average system. Calculate weighted avera cost per unt of merchandise inventory to the nearest cent Cost of Goods Sond Ending Inventory Gross Prote Weighted Average c) Prepare journal entres to record the following (assuming all sales and purchases are for cash) (a) The purchase on January 23, (b) The sale on December 27 Enter the transaction letter as the description when preparing a joumal entry When a transaction requires two separate youmal entries, use the same letter for both descriptions Dates must be entered in the format ddimmm pe 15lan). Cate General Joana AccounExplanation Page G Debit Credt type here to search C D HITAM JC Party my 3 O
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