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Prepare inventory records using the Weighted Average method: Riverside Inc. uses a perpetual inventory system...

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Accounting

Prepare inventory records using the Weighted Average method: Riverside Inc. uses a perpetual inventory system and reports the following transactions for the month of July

July1 Beginning inventory 12 units Cost/Price $100.00

July 4 Purchase 8 units Cost/Price 103.00

July 9 Purchase 5 units Cost/Price 104.00

July17 Sale 21 units Cost/Price 249.99

July 21 Purchase 4 units Cost/Price 106.00

July 31 Sale 6 units Cost/Price 249.99

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