WileyPLUS Problem 6-1 Jose Zorilla uses a perpetual inventory system. During April, he sold 700 units, (270 units on April 20 and 430 units on April 28). The following other information is available: Unit Cost $12.20 16.20 Units 250 400 350 1,000 April 1 inventory April 15 purchase April 23 purchase Total Cost $3,050.00 6,480.00 4,900.00 $14,430.00 14.00 Calculate the April 30 inventory and the April cost of goods sold using the weighted average cost formula. (Round the weighted average cost per unit to 3 decimal places, e.g. 5.275 and final answers to 2 decimal places, e.g. 5,275.25.) April 30 inventory $ April cost of goods sold $1 SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT Calculate the April 30 inventory and the April cost of goods sold using the FIFO cost formula. April 30 inventory April cost of goods sold $ Prepare the journal entry to record the April 15 purchase assuming the company uses the FIFO method of inventory. All purchases are on credit. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Debit Credit Date Account Titles and Explanation Apr. 15 SHOW LIST OF ACCOUNTS SHOW ANSWER LINK TO TEXT Prepare the journal entries to record the sale of units on April 28 for a total of $10,208, assuming the company uses the weighted average cost method. All sales are credit sales. (Round final answers to 2 decimal places, e.g. 5,275.25. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Debit Credit Date Account Titles and Explanation Apr. 28 (To record credit sale) Apr. 28