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(] * During the first month of operations, a business of Miss Kitty Wong made purchases and sales as shown in the table below: Date
(] * During the first month of operations, a business of Miss Kitty Wong made purchases and sales as shown in the table below: Date Number of units purchased Unit costs Number of units sold Selling price $ 1.00 100 50 80 200 1.10 Jan-05 Jan-10 Jan-15 Jan-17 Jan-24 Jan-30 150 220 300 1.15 200 375 Required By using weighted average method : Prepare perpetual inventory record , calculate the closing inventory quantity , cost of goods sold and closing value at end of the month. (ALL Answers should take TWO decimal places) (10 marks)
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