Printem apter 7 Homework Assignment (part ebook Calculator 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 4,000 units at $20 Aor. 19 Sale 2,500 units Sune 30 Purchase 6,000 units at 524 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 inventory system. Determine the cost of merchand told for each sale and the inventory breach Present the data in the form lustrated in Exhibit 5. Roundunt cost to two decimal places ossary Schedule of cost of Merchandise Sold Weighted Average Cast Flow Method Purchases Cost of Merchandise Sold Inventory Date Quantity Unit Cout Total Cost Quantity Unit Cout Total Cost Quantity Uni Cost Total Cost Sant 4,000 20 $ 60,000 At 19 2,500 $ 20 550.000 2.500 20 6,000 24 Lune 3 144,000 4,500 Sept. 2 4.000 25.000 25 Nov 15 1.000 4,000 Dec. 31 glances Under the weighted average method the average unit cost must be determined for each purchawly dividing the total of merchandised by and the cost of radio sold computed thing the average cost on the date of sales by the units sed. The inventory lane after the comedy mutin e vet by the und