Weighted 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 Apr. 3 Inventory $1,200 $30,000 8 Purchase 1,240 93,000 11 Sale 2,000 80,000 30 Sale 2,000 60,000 May 8 Purchase 1,260 75,600 10 Sale 2,000 100,000 19 Sale 2,000 28 Purchase 1,260 100,800 June 5 Sale 2,250 16 Sale 2.250 21 Purchase 1,264 28 Sale 2,250 40,000 . strated in ghted average cost method. 1. Record the inventory purchases and cost of goods sold data in a perpetual inventory record similar to the one Denne C Schedule of Cost of Goods Sold Weighted Average Cost Method For the three months Ended June 30 Cost of Goods Sold Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Inventory Unit Cost Total Cost - 2. Determine the total sales, the total cost of goods sold, and the gross profit from sales for the period. Total sales Total cost of goods sold Gross profit 3. Determine the ending inventory cost on June 30