Requirement 3. Prepare a perpetual inventory record, using the weighted-average inventory costing method, and determine the company's cost of g gross profit. Begin by computing the cost of goods sold and cost of ending merchandise inventory using the weighted-average inventory costing method. Enter the new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quanti purchased, sold, and on hand at the end of the period. (Round weighted-average cost per unit to the nearest cent and all other amounts to the neares Determine the company's gross profit using the weighted-average inventory costing method. Gross profit is using the weighted-average inventory costing method. Requirement 3. Prepare a perpetual inventory record, using the weighted-average inventory costing method, and determine the company's cost of g gross profit. Begin by computing the cost of goods sold and cost of ending merchandise inventory using the weighted-average inventory costing method. Enter the new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quanti purchased, sold, and on hand at the end of the period. (Round weighted-average cost per unit to the nearest cent and all other amounts to the neares Determine the company's gross profit using the weighted-average inventory costing method. Gross profit is using the weighted-average inventory costing method