UFO Perpetual Inventory The beginning inventory of merchandise Dure and data on purchases and sales for the month period ending lune 30 was fotos Number Date Transaction Per init Total of Units Ape inventory $27,000 . Purchase 164 450 64,000 11 90 120,000 30 Sale 60 1.250 75.000 May Purchase 120 500 60.000 10 72 1,250 90.000 19 36 1,250 45.000 28 Purchase 120 550 June Sale 1315 16 Sale 120,00 25 216 600 129,600 28 Sale 100 1:35 Required: 1. Record the inventory purchases, and cost of merchandise soldateral inventory record similar to the one ilustrated in Exhibiting the last in first method Under, if units are in tory at the different content the units with the HIGHER it cost first in the cost of Merchandise Soldt Cost column and LOWER nicots in the Inventory Unit Cost column Dunne Schedule of cost of Merchandise Sold Inventory Cost of Merchandise Unit Cost Unit Cost Total Cost Total Cost Total com Quantity Date Purchases Unit Cost Cost of Merchandise Sold Unit Cost I Date Quantity Total Cost Quantity Total Cost Quantity Total cos Apr Apra I C $ Tape 11 Ape 30 ) Mayo - - - May 10 May 10 May 28 - - - [Tunes - June 16 - June 2 - - - June 28 - June 30 Balances 2. Determine the total sales, the total cost of merchandise sold, and the gross profit from sales for the period Total sales Total cost of merchandise sold Gross profit 3. Determine the ending inventory cost on June 30. Weighted Average Cast Method with Perpetual Inventory The beginning inventory at night spies and data on purchases and sales for a three-month period ending March 31, we as follows: Number Transaction PerUnit Total of Units Inventory 7.500 $75.00 5562.500 10 Purchase 22,500 55.00 1.912.500 28 Sale 150.00 1.687,500 30 Sale 3,750 150.00 562.500 Feb. 5 Sale 1,500 150.00 225.000 4.725,000 10 Purchase 67.50 54,000 27,000 16 Sale 160.00 4. 120.000 160.00 4.000.000 28 Sale Mar 5 Purchase 25,500 45,000 89.50 4,027.500 14 Sale 30.000 160.00 25 Purchase 7.500 90.00 675.000 30 Sale 26.250 150.00 Required: 1. Record the inventory purchases and cost of merchandise od data in perpetual inventory records to the one strated in Exhibits, using the weighted average cost method. Round unit cost to two decimal places, if necessary Schedule of Cost of Merchandise Sold Weighted Average Cast Method For the three months ended Harch 31 Cost of Herchandise Sold Quantity Unit Cost Total Cost Inventory Unit Cost Quantity Cost Total Cost Quantity Total Cost Schedule of cost of Merchandise Sold Weighted Average Cost Method For the three months ended March 31 Cost of Merchandise Sold Quantity Unit Cost Total Cost Purchases Date Quantity Unit Cost Total Cost Inventory Unit Cost Quantity Total Cost Ioan. 10 Jan 28 Jan. 30 Feb. Feb. 10 Feb. 16 Feb. 28 Mar. 5 Mar. 14 Mar 25 Mar. 30 Mar 31 Balances 2. Determine the total sales, the total cost of merchandise sold, and the gross profit from sales for the period. Total sales Total cost of merchandise sold Gross profit from sales 3. Determine the ending inventory cost as of March 31