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During January, a company that uses a perpetual inventory system had beginning inventory, purchases, and sales as follows: Units Cost per unit. Begin Inventory 100

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

Units Cost per unit.

Begin Inventory 100 $12

Jan 5 Sale 50

10 Purchase 70 $16

15 Sale 25

25 Sale 35

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.

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