QUESTION 3 (10 marks] The following informotion hos been extrocted from the records of Good Stotionery obout one of its populor products. Good Stotionory uses the moving overoge {or \"weighted average cost\") method under 0 oeroetuol inventory system. Its onnuol reporting dote is 315* December. lgnore GST. 20l0 No of Units Unit Cost Jon l Beginning inventory 900 $7.00 6 Purchoses 400 7.05 Feb 5 Soles @ $l2.00 per unit l 000 Morch l7 Purchoses l l00 7.35 April 24 Purchoses returns 80 7.35 Moy 4 Soles @ $l2.10 per unit 700 June 26 Purchoses 8 400 7.50 Aug l l Soles @ $l3.25 per unit l 800 Aug l9 Soles returns @$l3.25 per unit 20 Sept i l Soles @ $l 3.50 per unit 3 500 Oct 6 Purchoses 500 8.00 Dec 1 l Soles @ $l 5.00 per unit 3 l00 Required to] Prepore full inventory records lie o \"stock cord\") to show the cost of soles for the year end the cost of the closing inventory, using this format: Purchases Sales Balance Date Explanation Units Unit Total Units Unit Total Units Unit Total Cost Cost Cost Cost Cost Cost 1;"1 Beg inst 900 $7.00 $6 300 6 marks lb] Show the effect of this inventory item on Good Stotionory's Income stdtement in the following formot [answer in work book, not on this edge]