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Question 4-4 marks - 12 minutes The following is known about DVQ Company's Inventory: 26 1-Mar Opening Balance 17-Mar Purchase 10-Mar Sale 18-Mar Purchase 23-Mar

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Question 4-4 marks - 12 minutes The following is known about DVQ Company's Inventory: 26 1-Mar Opening Balance 17-Mar Purchase 10-Mar Sale 18-Mar Purchase 23-Mar Purchase 31-Mar Sale # of units Cost/Price 44 $49 $56 52 $120 46 $63 45 $67 76 $120 The company uses the Weighted Average Method of tracking inventory Required: Based on the information above: a.) Prepare the company's inventory record. b.) Compute the Sales, COGS and Gross Profit. c.) Record the journal entry for the March 10 transaction. Round all decimals to TWO decimal places

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