Figure: b.$1,258,000 EX 6-8 Weighted Average Cost Flow Method under Perpetual Inventory System Obj. 3 The following units of a particular item were available for sale during the calendar year: . Jan. 1 Inventory 10,000 units at $75.00 Mar. 18 Sale 8,000 units May 2Purchase 18,000 units at $77.50 Aug. 9Sale 15,000 units Oct. 20 Purchase 7,000 units at $80.25 The firm uses the weighted average cost method with a perpetual inventory system. Determine the cost of goods sold for each sale and the inventory balance after each sale. Focus hp EX 6-15 Lower-of-cost-or-market Inventory Obj. 6 On the basis of the following data, determine the value of the inventory at the lower of cost or market applied to (a) each item in the inventory, (b) each class of inventory, and (c) total inventory. Assemble the data in the form illustrated in Exhibit 10. Product Inventory Quantity Cost per Unit Market Value per Unit (Net Realizable Value) Class 1: Model A Model B Model C Class 2: Model D Model E 300 500 150 $140 90 60 $125 112 59 120 800 400 115 145 140 hp