Requirement 3. Compute cost of goods sold and gross profit using the weighted average inventory costing method. Round weighted average cost per un to the nearest cent and other amounts to the rear color) Begin by computing the cost of goods sold and cost of ending merchandise inventory using the weighted average inventory costing method. Enter the ransactions in chronological new inventory on and balances after each ansaction. Once will of the actions have been entered into the perpetrecord, calculate the candy and to cost of merchandise inventory purchased, sold, and on hand at the end of the period Purchases Cost of Goods Sold Inventory on Hand More Info Unit Total Un Total Una Total Date Quantity Cost Cost Quantity Quantity Cost Oct 1 Oct 1 Beginning merchandise inventory 22 reseach 11 Oct 11 Purchase 14 trosach 23 Oct. 23 Salle 18 Ses @ 556each 26 Oct 26 Purchase 10 tros 574 Cost Oct 29 Sale Totals Print Done Requirement 3. Compute cost of goods sold and gross profit using the weighted average inventory costing method. (Round weighted average cost per unit to the nearest cent and all other amounts to the nearest dollar) Begin by computing the cost of goods sold and cost of ending merchandise inventory using the weighted average inventory costing method. Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Oct. 1 11 23 26 29 Totals Enter any number in the edit fields and then click Check Answer. y Culuu. OSS More Info - X of el en. Oct. 1 Beginning merchandise inventory Oct. 11 Purchase Oct. 23 Sale 22 tires @ $53 each 14 tires @ $71 each 18 tires @ $86 each 10 tires @ $74 each 19 tires @ $86 each an Oct. 26 Purchase Oct. 29 Sale Print Done