Weghted Average Cost Method with Perpetual Inventory The beginning inventory for Dunne Co. and data on purchases and sales for a three-month period are as follows: Number Date Transaction of Units Per Unit Total Apra Inventory $1,200 530,000 Purchase 75 1.240 93,000 Sale 40 2,000 80,000 30 Sale 30 2.000 60,000 May B Purchase 60 1,260 75,600 10 Sale 50 2,000 100,000 Sale 20 2,000 40,000 28 Purchase 80 1,260 100,000 June 5 2.250 90,000 16 Sale 25 2,250 56,250 21 Purchase 35 1,264 44,240 28 Sale 2,250 99,000 Required: Sale 1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illustrated in Exhibit Suing the weghoed average cost method Duneca Schedule of Cost of Goods Sold Weighted Average Cast Method Dunne Co. Schedule of Cost of Goods Sold Weighted Average Cast Method For the Three Months Ended 0 Cost of Goods Sold Quantity Unit Cost Purchases Unit Cost Inventy Date Quantity Total Cost Total Cost |Apr. a Apr. 8 Apr. 11 Apr. 30 May May 10 May 19 May 28 June 5 June 16 June 21 June 28 June 30 Balances 2. Determine the total sales, the total cost of goods sold, and the gross profit from sales for the period. De C. Schedule of cost of Goods Sold Weighted Average Cast Method For the Three Months Ended 30 Cast of Goods Sold Quantity Unit Cost Purchases Quantity Unit Cost Total cost Total Cost Quatty Tal Balances mine the total sales, the total cost of goods sold, and the gross profit from sales for the period Previous May 28 June 5 June 16 June 21