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Problem 430 marks): Given below are the activities performed by Pixels Inc. that is expected to affect their inventory position. Assume that you are the

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Problem 430 marks): Given below are the activities performed by Pixels Inc. that is expected to affect their inventory position. Assume that you are the cost accountant of the company. Analyze these activities and prepare the inventory records (using weighted average method) to help the management find the cost of goods sold and dosing value of inventory (Round your calculations up to 2 decimal places): $400 $515 $142 $198 Purchased 110 kg @$56 Purchased 205 kg @$54 Issued 135 kg to manufacturing process Spend following expenses on manufacturing to complete: Cleaning expenses Supplies consumed Utilities Allocated indirect expenses Purchased 190 kg @$55.6 Sold 99 kg @$102 Issued 190 kg to manufacturing process Spend following expenses on manufacturing and goods were not completed: Direct expenses Allocated variable overheads Allocated fixed overheads Sold 105 kg @$104 Purchased 138 kg @554.8 I $666 $764 $299

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