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Need help with perpetual inventory record chart and journal entries for total sales and total cost of goods sold on account. Thanks!! The beginning inventory

Need help with perpetual inventory record chart and journal entries for total sales and total cost of goods sold on account. Thanks!!

The beginning inventory at Funky Party Supplies and data on purchases and sales for a three-month period are as follows: Date Transaction Number of Units Per Unit Total

Jan. 1 Inventory 2,500 $60.00 $150,000

10 Purchase 7,500 68.00 510,000

28 Sale 3,750 120.00 450,000

30 Sale 1,250 120.00 150,000

Feb. 5 Sale 500 $120.00 $60,000

10 Purchase 18,000 70.00 1,260,000

16 Sale 9,000 125.00 1,125,000

28 Sale 8,500 125.00 1,062,500

Mar. 5 Purchase 15,000 71.60 1,074,000

14 Sale 10,000 125.00 1,250,000

25 Purchase 2,500 72.00 180,000

30 Sale 8,750 125.00 1,093,750

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