Suppose a lacnology comowentory records in computer chip rich the wing December 31 Click the icon to view the inventory Information Required Journake the following for the periodism To December purchases in one surma by All purchases are on 2 To December sales in a summa only me that the price w $200 puntando 3 December invertory The company es weghted average cost Post to the Cold Soccount to show how the condemned home 4 Show the computation of cost of goods sold by the cost of goods-model Requirement 1. Journal the December purchasinonenty Alphoncede Record debits first the credits Explanations are not required) Journal Entry Date Accounts Debit Data Table Credit - X $130110 Hutch Surse 510 Purch 20 h The two count of December 31 that of moon and P Choose to any it or any other Melds and then click Check Answe Suppose a technology company's inventory records for a particular computer chip indicate the following at December 31 (Click the icon to view the inventory information) Required Journalce the following for the periodic system 1. Total December purchases in one summary entry. All purchases are on credit 2 Total December sales in a summary entry Assume that the selling price was $290 per unit and that all sales were on credit 3. December 31 entries for inventory. The company uses weighted average cost. Post to the Cost of Goods Sold T-account to show how this amount is determined 4. Show the computation of cost of goods sold by the cost of goods sold model Requirement 1. Journalize the December purchases in one summary entry All purchases are on credit. (Record debits first, then credits. Explanations are not requ LounaLente Date Data Table Dec 910 1 Beginning inventory 8 Purchase 7 units $130$ 5 units 5130 12 units 5140 6 units $ 150 650 1.680 15 Purchase 26 Purchase 900 The physical count of inventory at December 31 indicates that eight units of inventory are on hand Choose from any list or enter an Print Done