The Francis Company carries an inventory of a product P The sales price of each product is $ 125. The company uses the perpetual inventory system with the moving-weighted-average cost method Company records indicate the following for May QUANTITY UNIT COST $61 DATE ITEM May 01 Balance 24 07 60 Sale 20 20 11 11 Purchase 35 18 Sale 31 25 sale 3 889 68 REQUIRED: 1. Prepare the perpetual inventory record of the month. Round the average unit cost to the nearest cent and the other amounts to the nearest dollar 2. Identify the cost of the ending inventory and the cost of goods sold 3. Journalize the company's transactions using the weighted average cost and assuming purchases and sales are o account