Part III (6 Marks) Rock Glass Company made purchases and sales of a certain product in the current year as outlined below: January 1 Beginning inventory 400 units @ $10 January 25 Sold 120 units February 28 Purchased 110 units @ $14 April 1 Sold 230 units This product has a selling price of $36.00 per unit. REQUIRED: The business uses a perpetual inventory system. Calculate the dollar value of ending inventory and cost of goods sold for the year. Costs are assigned on the basis of Moving Weighted Average. Show your calculations (round calculations to two decimals). Date Purchases Cost of Goods Sold Inventory Balance Complete on the Excel DATA Sheet Part VI (7 Marks) Petunia Power established a $200 petty cash fund on October 1. On October 31 the fund was replenished and increased to $300. The following receipts and cash were found in the petty cash box on October 31: Petty cash receipts: $56 for postage $45 for cleaning services Currency and coin $85 REQUIRED: Prepare the journal entries to: a) Establish the petty cash fund. b) Replenish the fund and increase its size. GENERAL JOURNAL DEBIT CREDIT DATE ACCOUNT TITLES AND EXPLANATION on the Excel DATA Sheet