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Modern Dcor Furniture began June with merchandise inventory of 45 sofas that cost a total of $31,500. During the month, Modern Dcor purchased and sold

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Modern Dcor Furniture began June with merchandise inventory of 45 sofas that cost a total of $31,500. During the month, Modern Dcor purchased and sold merchandise on account as follows: June 7 Purchase 14Sale 18 Purchase 27Sale 2.5 sofas @ $800 each 30 sofas @ 1,150 each 50 sofas @ $780 each 35 sofas @ $1,200 each Prepare a perpetual inventory record, using the weighted average inventory costing method, and determine the company's cost of goods sold, ending merchandise inventory, and gross profit. Round unit cost and answer to nearest $, if necessary

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