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Weinhted Average Cost Method with Perpetual Inventory The beginning inventory for Dunne Co. and data on purchases and sales for a three-month period are as
Weinhted Average Cost Method with Perpetual Inventory The beginning inventory for Dunne Co. and data on purchases and sales for a three-month period are as follows: Number of Units Date Transaction Per Unit $1,200 Inventory Apr. 3 8 Purchase 1,240 11 Sale 30 Sale May 8 10 19 Purchase Sale 2,000 2,000 1,260 2,000 2,000 1,260 2,250 2,250 Total $30,000 93,000 80,000 60,000 75,600 100,000 40,000 100,800 90,000 56,250 44,240 28 June 5 16 21 28 Sale Purchase Sale Sale Purchase Sale 2,250 99.000 Required: 1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one wlustrated in Exhibits, using the weighted average
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