Correct the information needed and fill the information missing using the table format bellow

Determine the cost of goods sold and the cost of ending inventory. The company uses the perpetual inventory system,
using the following information. Please fill in the spaces in yellow. Calculate the gross profit and gross profit rate,
under each method of inventory valuation.
Date		Units	Cost or Selling Price per Unit	Total Cost
February 2	Beginning Inventory	3000	$ 50.00	$ 150,000.00
February 13	Purchase	2000	$ 57.50	$ 115,000.00
February 17	Sale	3500	$ 275.00	$ 962,500.00
February 25	Purchase	1000	$ 62.00	$ 62,000.00
Units Purchased	6,000	Total Cost of units purchased	$ 327,000.00
Units Sold		3,500	Total Sales	$ 962,500.00
Units in Ending Inventory	2,500
Purchase
Date		Units	Cost or Selling Price per Unit	Total Cost
February 2	Beginning Inventory	3000	$ 50.00	$ 150,000.00
February 13	Purchase	2000	$ 57.50	$ 115,000.00
February 25	Purchase	1000	$ 62.00	$ 62,000.00
		6,000		$ 327,000.00
Sales
Date		Units	Cost or Selling Price per Unit	Total Cost
February 17	Sale	3500	$ 275.00	$ 962,500.00
		3,500		$ 962,500.00

Answer rating: 100% (QA)

SOLUTION Date Units Cost or Selling Price per Unit Total Cost February 2 3000 5000 15000000 February ... View the full answer