Velor Inc. employs a perpetual inventory system using weighted average. Velor Inc. has the following purchases and sales during the year ended December 31, 2014. Assume all purchases and sales are for cash. Inventory and Purchases Beginning: 300 units @ $83/unit February 14: 200 units @ $80/unit September 8: 100 units @ $75/unit Sales August 17: 200 units November 27: 200 units The units have a selling price of $115.00 per unit. Calculate weighted average cost per unit of merchandise inventory to the nearest cent. a) Calculate the cost of goods available for sale, the number of units available for sale, and the units remaining in ending inventory. Cost of Goods available for sale: Units available for sale: Units remaining in ending inventory: c) Prepare journal entries to record (a) the purchase on September 8 and (b) the sale on November 27. 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).) Date General Journal Account/Explanation F Debit Page GJ8 Credit 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 Velor Inc. Cost of Goods Sold: