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Vector Enterprises records the cost of its inventory using the Weighted Average method using the perpetual approach. Below is the purchase and sale history of

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Vector Enterprises records the cost of its inventory using the Weighted Average method using the perpetual approach. Below is the purchase and sale history of cat treats: Date Units Oct 1 s/Unit 104 $ $ 66.02 Transaction Opening Bal Purchase Sale Purchase Oct 6 68.60 Oct 14 102 105 S 59.20 Oct 12 491 ??? Sale Oct 24 REQUIRED: Determine the balances for ending Inventory and Cost of Goods Sold for the month of October. How would your answer change if they switched method: to First-In, First Out? Make sure you show all your work. (10 marks)

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