student-servlets/LabServlet?ccid=11210 The Courtland Corp. company has the following purchases and sales during the year ended December 31, 2014. ome Inventory and Purchases Sales Beginning: 400 units @ $97/unit April 9: 200 units January 25: 400 units @ $104/unit June 19. 300 units May 14 150 units @ $99/unit The units have a selling price of $115.00 per unit. TA 5 Find a) Given that Courtland Corp. employs a perpetual inventory system, calculate the cost of goods available for sale and the number of units She available for sale, as well as the units remaining in ending inventory of chai Cost of goods available for sale: Units available for sale Units remaining in ending inventory Lial 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 ENS Courtland Corp. using the weighted average system. Calculate weighted average cost per unit of merchandise inventory to the nearest cent haly artne Weighted Average Cost of Goods Sold Ending Inventory Gross Profit Mathi Theataan c) Prepare journal entries to record the following (assuming all sales and purchases are for cash) (a) The purchase on May 14, (b) The sale on al June 19. Enter the transaction letter as the description 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 (ie. 15/Jan) General Journal Page GJS aly Date Account/Explanation F Debit Credit tn + - + - Off Time: 14:04:55 SUBMIT AND MARK SAVE AND CLOSE TILQE IrTort CLICK TO 5C @ 01 ENG 2:04 PM IN 11/20/2021 arch o Rio