Regal Distributors purchases inventory in crates of merchandise. Assume the company began December with an inventory of 40 units that cost $305 each. During the month, the company purchased and sold merchandise on account as shown (Click the icon to view the transactions.) Assume Regal Distributors uses the moving-weighted-average-cost method. The company uses a perpetual inventory system Cash payments on account totalled $19,000 Company operating expenses for the month were $30,000 The company paid one-half in cash, with the rest accrued as Accounts Payable Required dollar 1. Prepare a perpetual inventory record at moving-weighted-average cost. Round the average unit cost to the nearest cent and all other amounts to the nearest 2. Prepare a multi-step income statement for Regal Distributors for the month of December Requirement 1. Prepare a perpetual inventory record at moving-weighted-average cost (Round average cost per unit to the nearest cent. Round all other calculations to the nearest whole dollar. When calculating inventory on hand, use the technique as outlined in the text. Rounding issues will occur if alternate methods are used.) UNITS Purchases Cost of Goods Sold QTY Unit Cost Tot Cost OTY Unit Cost Tot Cost Inventory on Hand QTY Unit Cost Tot Cost