During January, a company that uses a perpetual inventory system had beginning inventory, purchases, and sales as follows:

$\backslash$table$[[$date$,$transaction,units,Cost per unit$],[$Jan $5,$Beginning inventory,$100,12],[10,$Sale,$50,],[15,$Purchase,$70,16],[25,$Sale,$25,]]$

REQUIRED :

Prepare a schedule to show the cost of goods sold and ending inventory using the moving weighted average method of costing rounding calculations to two decimals.

Journalize the transactions assuming the sales price is $$20$ per unit

QUESTION $2$ ANSWER

$\backslash$table$[[$DATE$,$PURCHASES,COGS,INVENTORY BALANCE$],[,$units,$\backslash$table$[[$Unit$],[$cost$]],\backslash$table$[[$Total$],[$cost$]],$units,$\backslash$table$[[$Unit$],[$cost$]],\backslash$table$[[$Total$],[$Cost$]],$units,$\backslash$table$[[$Unit$],[$cost$]],\backslash$table$[[$Total$],[$Cost$]]],[,,,,,,,,,],[,,,,,,,,,],[,,,,,,,,,],[,,,,,,,,,]]$