Scrappers Supplies tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period, as if it uses a periodic inventory system Assume its accounting records provided the following information at the end of the annual accounting period, December 31 Units Unit Cost 230 $ 22 Transactions Beginning inventory, January 1 Transactions during the year a. Purchase on account, March 2 b. Cash sale, April 1 (538 each) c. Purchase on account, June 30 d. Cash sale, August 1 (538 each) 24 315 (380) 280 (85) 28 TIP. Although the purchases and sales are listed in chronological order. Scrappers determines the cost of goods sold after all of the purchases have occurred. 7 Complete this question by entering your answers in the tabs below. 2 points eBook Print References 0 Req 1A Req 18 Req 1C Req 1D Req 2A Req 28 b. Compute the cost of goods available for sale, cost of ending inventory, and cost of goods sold at December 31 using the Weighted average method. (Round "Cost per Unit" anwers to 2 decimal places.) Weighted Average Cost (Periodic) Units Cost per Total Unit Beginning Inventory S Purchases March 2 June 30 Total Purchases Goods Available for Sale Cost of Goods Sold Ending Inventory 0 0 S 0