Speedy Wireless, Inc., sells netbooks. The company began the fourth quarter $250 each. The following transactions related to the company's merchandise inventory occurred during the fourth quarter of 2009 f the year on October 1, 2009, with 500 units of inventory on hand. These units cost (Click the icon to view the transactions.) Assume the company uses a perpetual record-keeping system and the weighted average cost flow method. Requirements 1. Calculate the cost of goods sold that will appear on the income statement for the quarter ending December 31, 2009. (Round the weighted-average costs to the nearest cent and the total cost amounts to the nearest dollar.) Total Cost Units Weighted-Average Cost Y 400 October 3rd sale X 500 November 29th sale 600 December 24th sale X Cost of Goods Sold - Weighted-average cost method 2. Determine the cost of inventory that will appear on the balance sheet at the end of December. (Round the weighted-average cost to the nearest cent and the cost of inventory to the nearest dollar.) Cost of inventory October 3 Sold 400 units for $400 each November 5 Purchased 600 units for $275 each November 29 Sold 500 units for $425 each December 1 Purchased 700 units for $260 each December 24 All unit costs include the purchase price and freight charges paid by Speedy Wireless Sold 600 units for $450 each