Exercise World began January with merchandise inventory of $65$ crates of vitamins that cost a total of $$3,835.$ During the month, as follows:

View the transactions.

Read the requirements.

Requirement $3.$ Prepare a perpetual inventory record, using the weighted$-$average inventory costing method, and determine the gross profit.

Begin by computing the cost of god new inventory on hand balances af inventory purchased, sold, and on

$\backslash$table$[[$Date$,$Purchase$],[$Quantity$,\backslash$table$[[$Unit$],[$Cost$]]],[$Jan$.1,,],[5,145,80],[13,,],[18,,],[26,,],[$tals$,,]]$

Transactions

$\backslash$table$[[$Jan$.5,$Purchase,$145$ crates @ $$80$ each$],[$Jan$.13,$Sale,$160$ crates @ $$98$ each$],[$Jan$.18,$Purchase,$170$ crates @ $$90$ each$],[$Jan$.26,$Sale,$175$ crates @ $$114$ each$]]$