The following transactions occurred for the month of May. Create a perpetual inventory record then...
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The following transactions occurred for the month of May. Create a perpetual inventory record then calculate the Cost of Goods Sold, Ending inventory, and Gross Profit for the month under Weighted Averages. HINT: Do NOT round the unit cost, meaning leave at 5 decimal places for all calculations. The only time you round is when you enter the numbers into MyOpenMath. Otherwise. ALL calculations should be completed with unrounded numbers. Do round total costs to the nearest cent on each transaction. End of the month totals Cost of Goods Sold 5 Ending Inventory $ Gross Profit $
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