EX 6-9 Weighted average cost flow method under perpetual inventory system.

The following units of a particular item were available for sale during the calendar year:

Jan. 1 Inventory 8,000 units at $40

Apr. 19 Sale 5,000 units

June 30 Purchase 12,000 units at $48

Sept. 2 Sale 9,000 units

Nov. 15 Purchase 2,000 units at $50

The firm uses the weighted average cost method with a perpetual inventory system.

Determine the cost of merchandise sold for each sale and the inventory balance after

each sale.