Below is the same data presented in Question 3. Date # of Units Unit Cost Jan. 2nd 60 $10 Jan. 5th Beginning Inv. Purchase Sell Inventory 90 Jan. 10th 130 Assuming your company uses the weighted average to value Cost of Goods Sold: What is the average cost per unit on Jan. 10th (round to the nearest cent)? $ What is the dollar value of Cost of Goods Sold for the Jan. 10th Sale? $ What is the ending inventory in units? What is the value of ending inventory? $ Let's say that you make the following journal entry: DR Cost of Goods Sold $5,000 CR Inventory $5,000 How does this entry affect the accounting equation? [ans 1] O No net affect: There is both an increasein Assets and a decrease in Assets Increase in Stockholders' Equity and an increase in Assets Decrease in Liabilities and a decrease in Assets Decrease in Stockholder's Equity and a decrease in Assets