-servlets/LabServlet?ccid=11209 The ABC Inc. company has the following purchases and sales during the year ended December 31, 2014 90% Inventory and Purchases Sales Beginning 200 units @ $57/unit April 22 200 units March 9 200 units @ $55/unit August 22:200 units July 8. 200 units @ $52/unit The units have a selling price of $75.00 per unit a) Given that ABC Inc. employs a perpetual inventory system, calculate the cost of goods available for sale and the number of units available for sale, as well as the units remaining in ending inventory Cost of goods available for sale: Units available for sale Units remaining in ending inventory b) Please fill in the table by calculating the dollar value of cost of goods sold and ending inventory, as well as the gross profit earned by ABC Inc. using the weighted average system Calculate weighted average cost per unit of merchandise inventory to the nearest cent. Weighted Average Cost of Goods Sold Ending Inventory Gross Profit C) Prepare journal entries to record the following (assuming all sales and purchases are for cash): (a) The purchase on July 8. (b) The sale on August 22 Enter the transaction letter as the descnption when preparing a journal entry. When a transaction requires two separate journal entries, use the same letter for both descriptions Dates must be entered in the format dd/mmm (le 15/Jan) General Journal Page GJ8 Date Account/Explanation F Debit Credit