ike Place Coffee uses a perpetual inventory system and has recorded the following transactions for one of the branded products they carry in their cates: Date Explanation 01-Oct 02-Oct 05-Oct 07-Oct 10-Oct 12-Oct 14-Oct 18-Oct 19-Oct 22-Oct 24-Oct 27-Oct Beginning inventory Purchase Sale Sale Purchase Sale Sale Purchase Purchase Sale Sale Purchase Sale Purchase Sale Cost / Selling Units Price Per Unit $ 100 $ 2.20 42 $ 6.50 34 $ 6.50 55 $ 2.70 38 $ 6.50 29 $ 6.50 75 $ 2.65 50 $ 2.90 53 $ 6.50 27 $ 6.50 60 $ 2.75 80 $ 6.50 65 $ 2.40 52 $ 6.50 28-Oct 30-Oct 31-Oct EQUIRED: .) -.) .) Prepare the inventory records using the weighted average method. Round your calculations to TWO decimal places. Based on your calculations from Part A above, calculate Sales, Cost of Goods Sold and Gross Profit. Prepare the journal entries to record the inventory purchases, sales and cost of goods sold for the month of October. NOTE: The inventory was purchased on credit, and was sold to customers for Cash. Round your journal entries to ZERO decimal places