Martinez Corporation opened a new store on January 1, 2021. During 2021, the first year of operations, the following purchases and sales of inventory were made: Date Date Purchases Units Cost per unit 11 $1,000 11 1,160 14 1,260 19 1,420 Sales Units 14 34 Jan. 5 June 11 July 4 Dec. 29 Price per unit $2,100 2.100 Oct. 18 Dec. 20 Calculate the cost of goods available for sale and the number of units of ending inventory. Cost of goods available for sale $ 68380 Number of units of ending inventory 7 units e Textbook and Media List of Accounts Assume Martinez uses weighted average periodic. Calculate the cost of ending inventory, cost of the goods sold, and gross profit. (Round the weighted average cost per unit to two decimal places, e.g. 52.75 and final answers to decimal places, e.g. 5,275.) Ending inventory $ 8702.89 Cost of goods sold $ 59676.96 Gross profit $ 41123.04 Assume Martinez uses weighted average perpetual. Calculate the cost of ending inventory, cost of the goods sold, and gross profit. (Round the weighted average cost per unit to two decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 5,275.) Ending inventory $ Cost of goods sold $ Gross profit $ e Textbook and Media List of Accounts Prepare journal entries to record the December 20 purchase and the December 29 sale using (1) weighted average periodic and (2) weighted average perpetual. Assume both the sale and purchase were for cash.(Round final answers to 0 decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) (1) Weighted Average periodic Debit Credit Date Account Titles and Explanation Dec. Purchases 20 26980 Cash 26980 (To record cash purchase.) Dec. 29 Cash 71400 Sales 71400 (To record cash sale.) (2) Weighted Average perpetual Date Account Titles and Explanation Debit Credit Debit Credit Date Account Titles and Explanation Dec. Purchases 20 26980 Cash 26980 (To record cash purchase.) Dec. 29 Cash 71400 Sales 71400 (To record cash sale.) (2) Weighted Average perpetual Debit Credit Date Account Titles and Explanation Dec. Merchandise Inventory 20 26980 Cash 26980 (To record cash purchase.) Dec. 29 Cash 71400 Sales 71400 (To record cash sales.) Dec. 29 Cost of Goods Sold Merchandise Inventory (To record cost of goods sold.) e Textbook and Media List of Accounts