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Riverbed Corporation opened a new store on January 2 2021. During 2021, the first year of operations, the following purchases and sales o inventory were

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Riverbed Corporation opened a new store on January 2 2021. During 2021, the first year of operations, the following purchases and sales o inventory were made: Date Jan. 5 June 11 Oct. 18 Dec 20 Purchases Units Cost per unit 10 $1.000 10 1180 15 13.20 18 1470 Date July 4 Dec 29 Sales Units 15 33 Price per unit $2.000 2.000 Calculate the cost of Goodwilable for sale and the number of unicorending witor Cost of good for 6000 Number of under Textbook and Me Assume Riverbed uses weighted average periodic. Calculate the cost of ending inventory, cost of the goods sold, and gross profit. (Round the weighted average cost per unit to two decimal places, es, 5275 and final answers to decimal places, eg 5.275.) Ending inventory $ 3369 Cost of goods sold $ 32345 Gross pront $ 63655 e Textbook and Media List of Accounts Assume Riverbed uses weighted average perpetual Calculate the cost of ending inventory.cost of the goods sold, and gross proht. (Round the weighted average cost per unit to two decimal places, eg. 52.75 and final answers to decimal places, eg. 5,275) Ending inventory $ Cost of goods sold $ Gross proht 5 e Textbook and Media List of Accounts Prepare journal entries to record the December 20 purchase and the December 29 sale using (1) welghted average periodic and (2) weighted average perpetual. Assume both the sale and purchase were for cash. (Round final answers to decimal places, es 5,275. If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) (1) Weishted Average periodic Date Account Titles and Explanation Debit Credit Dec 20 Purchases Cash To record cash purchase) Dec. 29 C Sale To record cash sale.) (2) Weighted Average perpetual Date Account Titles and Explanation Merchandise Inventory Debit Credit Dec. 20 Cash (To record cash purchase.) Dec. 29 Cash Sales (To record cash sales.) Cost of Goods Sold Dec. 29 Merchandise Inventory (To record cost of goods sold.) e Textbook and Media List of Account

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