Homework: Chapter 6 Exercises Save 1 of 12 (12 complete) HW Score: 84.17 % , 14.31 of 17 pts Score: 3.24 of 4 pts TI6-2 (similar to) Question Help 5. Dream Bcoks has the following transactions in August related to merchandise inventory (Cck the icon to view the transactions) Read the requirements. d. Delemine the cost of gocdss sold and ending merchandise inventory by preparing a perpoelual inventory record using the weighted average inventory costing method. Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end the period. (Round weighted average unit cost to the nearest cent and total cost to the nearest dollar.) Hand Purchases Cost of Goods Sold Inventory X Unit Total Unit Total Uni Total More Info Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Aug. 1 Aug. 1 Beginning merchandise inventory, 17 books @$21 each 3 Sold 5 books $25 each 12 Purchased 12 books@$23 each 1: 15 20 Purchased 3 books @ $26 each 20 28 Sold 8 books @ $31 each 28 Tolals Print Done Enter any number in the edit fields and then click Check Answer. All parts showing Clear All Check