Weighted Average Cost Method with Perpetual Inventory The beginning inventory of merchandise at Rhodes Co, and data on purchases and sales for a three-month period ending June 30 are as follows: Number of Units Per Unit Total Date Transaction 40 Inventory $670 $26,800 Apr. 3 5 Purchase 120 590 82.800 67,200 11 Sale 60 1,120 30 Sale 50 56,000 1,120 100 700 May B Purchase 70,000 10 Sale BO 89,600 1.120 1,120 19 33,600 Sale 30 120 707 28 Purchase 34,840 75,600 60 June 5 Sale 1.260 16 40 1,260 50,400 128,160 21 Purchase 180 712 28 190 239,400 Sale 1,260 Required: 1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one strated in 5 using the weighted average cost method Rhodes Co. Perpetual Inventory Account Previous Next Check My Worker w My Wormand Emainit Save and Som Assignment for Grading All work saved sigment/takeAssignment Main.do?invokeru&takeAssignmentSessionLocator=&inprogress-false Book Printem Rhodes Co. Perpetual Inventory Account Weighted Average Cost Method For the three months ended June 30 Purchases Cost of Merchandise Sold Inventor Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Apr. 3 Apr. 8 Apr. 11 Apr. 30 May 8 May 10 May 19 May 28 June 5 June 16 June 21 June 25 June 30 Balances 2. Determine the total sales, the total cost of merchandise sold, and the gross profit from sales for the period. Totales Check My Workmore Check My Workermann bo ilokerStakeAssignmentSessionLocator&inprogress=false Rhodes Co. Perpetual Inventory Account Weighted Average Cost Method For the three months ended June 30 Cost of Merchandise Sold Inventory Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost andise sold, and the gross profit from sales for the period, My Works remaining, June 21 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 from sales 3. Determine the ending Inventory cost on June 30,