keAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress-false eBook Show Me How Weighted Average Cost Flow Method Under Perpetual Inventory System The following units of a particular item we available for sale during the calendar year: Jan. 1 Inventory Mar. 18 Sale May 2 Purchase 15,000 units at $60.00 12,000 units 27,000 units at $62.00 22,500 units 10,500 units at $64.20 Aug. 9 Sale Oct. 20 Purchase The firm uses the weighted average cost method with a perpetual inventory system. Determine the cost of merchandise sold for ea and the inventory balance after each sale. Present the data in the form illustrated in Exhibit S. Round unit cost to two decimal p if necessary. Perpetual Inventory Account Weighted Average Cost Flow Me Purchases Cost of Merchandise S Date Quantity Unit Cost Total Cost Quantity Unit Cost Jan. Mar 18 May 2 entsessionLocator=&inprogress=false eBook Show Me How May 2 Purchase 27,000 units at $62.00 Aug. 9 Sale 22,500 units Oct. 20 Purchase 10,500 units at $64.20 The firm uses the weighted average cost method with a perpetual inventory system. Determine the cost of merchandise sold for each and the inventory balance after each sale. Present the data in the form illustrated in Exhibit 5. Round unit cost to two decimal plac if necessary. Perpetual Inventory Account Weighted Average Cost Flow Metho Purchases Cost of Merchandise Sold Date Quantity Unit Cost Total Cost Quantity Unit Cost Jan 1 Mars May 2 Aug 9 Oct20 De Balances OD W TUTT etermine the cost of merchandise sold for each sale hibit 5. Round unit cost to two decimal places, Perpetual Inventory Account Weighted Average Cost Flow Method Cost of Merchandise Sold Inventory Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost $ Check My Work Previous