A company that uses a perpetual inventory system made the following cash purchases and sales.There was no beginning inventory.
Prepare the general journal entry to record the March 16 sale,assuming the weighted average method is used.

Question

A company that uses a perpetual inventory system made the following cash purchases and sales.There was no beginning inventory.
  Prepare the general journal entry to record the March 16 sale,assuming the weighted average method is used.

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The Answer of A company that uses a perpetual inventory system made the following cash purchases and sales.There was no beginning inventory.
  Prepare the general journal entry to record the March 16 sale,assuming the weighted average method is used.

A Company That Uses a Perpetual Inventory System Made the Following