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0 d. Determine the cost of goods sold and ending merchandise inventory by preparing a...

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0 d. Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the weighted average inventory coating method Start by entering the beginning inventory balances Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. (Round weighted average unit cost to the nearest cant and total cost to the nearest dollar) Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Aug 1 3 12 3. GS 15 20 28 Totals or com ..... More Info Aug. 1 Aug. 3 Aug. 12 Aug. 15 Aug. 20 Aug. 28 Beginning merchandise inventory, 15 books @ $19 each Sold 7 books @ $23 each Purchased 8 books @ $21 each Sold 11 books @ $23 each Purchased 3.books @ $28 each Sold 4 books @ $31 each Print Done

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