Question: Weinhted 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

 Weinhted Average Cost Method with Perpetual Inventory The beginning inventory for

Weinhted 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 of Units Date Transaction Per Unit $1,200 Inventory Apr. 3 8 Purchase 1,240 11 Sale 30 Sale May 8 10 19 Purchase Sale 2,000 2,000 1,260 2,000 2,000 1,260 2,250 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 28 June 5 16 21 28 Sale Purchase Sale Sale Purchase Sale 2,250 99.000 Required: 1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one wlustrated in Exhibits, using the weighted average

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