With the following information, applying the average cost method, prepare the corresponding records in the warehouse card and the journal entries, using the perpetual system method of the “La Preferida” Store in the month of December.
4 buys 60,000 shirts at L 333.33 each, in cash
5 14 shirts from the previous purchase are returned
7 buys 120,000 shirts at L 366.66 each. to credit
12 150,000 shirts are sold at L 1,599.99 each. to credit
13 return 1 shirt from the previous sale
18 buy 14 shirts at L 339.99 each. to credit
20 6 shirts are sold at L 1,666.99 each. which is 50% cash and 50% credit