Using the information given below, prepare the general journal entry to record the March 16 sale assuming a cash sale and the weighted average method is used.
Definitions:
Sample Size
The number of observations or entities included in a sample, which represents a portion of the total population.
Cumulative Frequency
The running total of frequencies up to a certain point in a set of data.
Total Number
The cumulative count of all elements or instances within a specific set or collection.
Upper Class Limits
The maximum value within a class interval in a frequency distribution, where classes are used to group data.
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