please show me how to do this

7.4 - TSHIRT COMPANY (WEIGHTED AVERAGE) [SAME PROBLEM] COMPLETE THE GRID USING THE WEIGHTED AVERAGE INVENTORY METHOD ASSETS EQUITY LIABILITIES Operating Expenses COGS CONTRA-REVENUE REVENUE BEG. 1B WAVG cr FIGURES TRANSACTIONS 1,000 1,000 1B Purchase 3 shirts for $10 each. Purchase 2 shirts for $15 each. 400 400 You pay cash for the total purchase price. The "plan" is to sell these shirts in the future at a profit. You pay cash for the total purchase price. The "plan" is to sell these shirts in the future at a profit. NOTE: STOP AT THIS POINT FIND OUT THE TOTAL $ OF SHIRTS AND TOTAL QUANTITY IN HAND. QTY (157) AVG $ TOTAL $ VALUE IN INVENTORY Sell 2 shirts for $80 cash TOTAL ($40 each). Customers pay you with cash. REMINDER: Company uses the weighted average inventory tracking method. HOW MANY SHIRTS ARE LEFT IN INVENTORY? Purchase another 7 shirts. The price has per shirt was $22. The purchase is made on account. NOTE: STOP AT THIS POINT - FIND OUT THE TOTAL $ OF SHIRTS AND TOTAL QUANTITY IN HAND. QTY AVG$ TOTAL $ VALUE IN INVENTORY Sell shirts to six different customers. Each customer was charged $40 for their shirt. All customers pay cash. Sell 1 shirt for $80 on ACCOUNT. You provide the customer terms of 5/10 n/30. The customer did NOT come to the store. Paid $10 cash for shipping to get the shirt from #5 to the customer. Customer from #2 called and was disappointed with the quality of their shirt. You offer a $20 allowance to smooth things over. Customer accepts you pay cash.