Prepare a perpetual inventory record for Washington Furniture Company using the weighted average inventory costing method. Washington Furniture Company bought and sold inventory as follows: June 1: Purchased furniture from Extraordinary Estates Furniture. The purchase consisted of 90 chairs at $23 each, 20 dining room table at $150 each. June 10: Sold 62 chairs at $50 each and 10 tables at $300 each. June 16: Purchased the same type of chairs and tables from Extraordinary Estates Furniture, but the prices had changed to $26 per chair, $155 for each dining table. Bought 68 Chairs and 12 tables. June 17: Sold 54 chairs and 9 tables. June 24: Sold 26 chairs and 4 tables. June 30: Purchased the same type of chairs and tables from Extraordinary Estates Furniture, but the prices had changed to $28 per chair, $160 for each dining table. Bought 90 Chairs and 15 tables. Cost of Goods Sold Total Quantity Unit Cost Inventory on Hand Total Cost Cost Purchases Quantity Unit Cost Total Quantity Unit Cost Cost Date 6/1 6/10 6/16 6/17 6/24 6/30 Total 1. Journalize the inventory transactions. Assume all sales and purchases are on account. Date Account Debit Credit Show the computation of gross profit. 2