Q 7. You are given the following information about Silk Company's inventory for the month of April.

Purchase			Sales
Date	Units	Cost per unit $	Date	Units
April 1	400	4.00	April 2	300
April 10	1,300	4.10	April 11	1,000
April 25	1,200	4.50	April 29	1,400
April 27	600	4.75

Instruction: Silk uses weighted average perpetual. (a). Calculate the cost of ending inventory and cost of goods sold. (Note: Round the weighted average cost per unit to two decimal places.). Show all relevant calculations. Marks: 6

(b). Show the journal entries for the sale on 29 April if the sales price per unit is $7.5. The sales was for cash.