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Pharoah Company uses a perpetual inventory system. The company began 2021 with 800 lamps in inventory at a cost of $13 per unit. During 2021.

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Pharoah Company uses a perpetual inventory system. The company began 2021 with 800 lamps in inventory at a cost of $13 per unit. During 2021. Pharoah had the following purchases and sales of lamps: February 15 April 24 June 6 October 18 December 4 Purchased Sold Purchased Sold Purchased 1,600 units @ $19 per unit 2,000 units @ $31 per unit 2,800 units @ $24 per unit 1,600 units @ $34 per unit 1.120 units @ $27 per unit All purchases and sales are on account Calculate the cost of goods sold and ending inventory using weighted average. (Round the weighted average cost per unit to three decimal places, e... 5.275 and final answers to decimal places, eg. 5,275) Calculate the cost of goods sold and ending inventory using weighted average. (Round the weighted average cost per unit to three decimal places. es. 5.275 and final answers to decimal places, c9.5,275.) Average Cost of goods sold $ Ending inventory $ Prepare journal entries to record the June 6 purchase and the October 18 sale. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Round the average cost per unit to three decimal places, es. 5.275 and final answers to decimal places, eg 5 275.) Debit Credit Date Account Titles and Explanation June 6 Merchandise Inventory Accounts Payable (To record purchase on account.) Oct. 18 Accounts Receivable Sales (To record sales on account.) Oct. 18 Cost of Goods Sold Sales (To record cost of goods sold.) List of Accounts Calculate gross profit for the year. (Round answer to decimal places, eg. 5,275.) Gross profit $

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