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Question 5 (Compulsory Question) (25 marks) Sultan Center uses Perpetual Inventory System. The following information is available for the month of June: June 1 Beginning

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Question 5 (Compulsory Question) (25 marks) Sultan Center uses Perpetual Inventory System. The following information is available for the month of June: June 1 Beginning inventory 36 units @s 28 10 Purchase 30 units @$ 36 15 Sales 24 units @$ 72 18 Purchase 8 units @$ 44 21 Sales 30 units @ 72 Requirements: A. Prepare perpetual inventory record for Sultan Center using Weighted average inventory costing method B. Calculate "Gross Profit" for June in S and is percentage %

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