* eBook Take Assignment/takeAssignment Main.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Show Me How Weighted Average Cost Flow Method Under Perpetual Inventory system The following units of a particular item were available for sale during the calendar year: 35,000 units at $60.00 Jan 1 Inventory Mar. 18 Sale 12,000 units May 2 Purchase 27,000 units at 362.00 Aug 9 Sale 22.500 units Oct. 20 Purchase 10,500 units at $64.20 The firm uses the weighted average method with a perpe Inventory system. Determine the cost of merchandise sold for each sale and the Inventory balance after each sale. Present the data in the form illustrated in Exhibit S. Round unit cost to two decimal places, if necessary, Perpetual Inventory Account