CASE NO#2- INVENTORY VALUATION METHODS-PERIODIC INVENTORY SYSTEM

JUSCO, a chain of "general merchandise stores" and the largest of its type in Japan. The company follows Perpetual Inventory System. The company furnishes the following information for the month of January 2018:

Date	Description	Quantity	Unit cost (OMR)
January 1	Opening Inventory	1,500	15
January 6	Purchase	4,500	16
January 9	Sales	1,200
January 11	Purchase	3,300	16
January 12	Purchase	4,500	17
January 14	Sales	2,300
January 20	Purchase	1,600	18
January 22	Purchase	1,300	19
January 24	Sales	500

You are required to compute:

1. The amount of Cost of goods sold based on Weighted Average Method using periodc inventory system.
2. Ending Inventory Value based on Weighted Average Method using periodc inventory system.
3. Show journal entries based on Weighted Average Method using periodc inventory system.