Weighted average cost method with perpetual inventory The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period ending June 30 are as follows: Date Transaction Apr. 3 Inventory 8 Purchase 11 Sale 30 Sale May 8 Purchase 10 Sale 19 Sale 28 Purchase June 5 Sale 16 Sale 21 Purchase 28 Sale Number of Units 25 75 40 30 60 50 20 80 40 25 35 44 Per Unit $1,200 1,240 2,000 2,000 1,260 2,000 2,000 1,260 2,250 2,250 1,264 2,250 Total $30,000 93,000 80,000 60,000 75,600 100,000 40,000 100,800 90,000 56,250 44,240 99,000 Required: 1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illustrated in Exhibit 5, using the weighted average cost method.

Weighted averape cosk method with perpetus inventory The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period ending June 30 are as fosows. Weighted Average Cost Methed For the Three Months Ended June 30 June 30 Balances 310,854 2. Determine the total salet, the totai cost of goods sold, and the gross profit from sales for the penod. Total nales: Total cost of goods sold 310,854 srots prote