Question: ABBA uses the weighted average mventory cout flow sumption under the perpetual inventory system. The following transactions took place in January 2018 Date Jan 1
ABBA uses the weighted average mventory cout flow sumption under the perpetual inventory system. The following transactions took place in January 2018 Date Jan 1 Opening 5 Sale 6 Purchase 10 Parchase 2 16 Sale 21 Purchase Cher Salg Price La Cost 2,000 50 50 1,200 5.00 1,000 200 500 100 2,000 6.00 1.000 2.50 All sales are made an account Round all per a contato two decimal places Required Record the journal entry for the January 5 sale. Show calculations for cost of goods sold Recsed the journal entry for the January 16 sale. Show calculations for cont of goods sold Calculate ending story in tout per att and total com
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