first-in, first-out method. Present the datam Obj. 3 sale, assuming the Total Cost of goods sold, $ 158,000 EX 6-11 Perpetual inventory using LIFO perpetual inventory system. Determ Assume that the business in Exercise 6-9 maintains al P the cost of goods sold for each sale and the invento last-in, first-out method. Present the data in the or each sale and the inventory balance after each sale, assumi d. Present the data in the form illustrated in Exhibit 1. Oh DO er perpetual inventory system EX 6-9 Weighted average cost flow method under perpetua le following units of a particular item were available for sale during the calendar Jan. 1 Inventory 4,000 units at $20 Apr. 19 Sale 2,500 units June 30 Purchase 6,000 units at $24 Sept. 2 Sale 4,500 units Nov. 15 Purchase 1,000 units at $25 The firm uses the weighted average cost method with a perpetual invento Determine the cost of goods sold for each sale and the inventory balance after each ent the data in the form illustrated in Exhibit 5