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 10.000 units at $75.00 Mar. 10 Sale 3,000 units May 2 Purchase 10,000 units at $27.50 Aug. 9 Sale 15,000 units Oct. 20 Purchase 7,000 units at 0.25 The firm uses the weighted average cost method with a perpetual entory system. Determine the cost of goods sold for each sale and the inventory balance after each sale. Present the data in the mi Exhibit 5. Round un cost to two decimal places, if necessary Schedule of Cost of Goods Sold Weighted Average CostFlow Method Purchases Cost of Goods Sold Inventory Quantity Date Unit Cost Total Cost Quantity Unit Cost Total Cost Total Cost Unit Cost Quantity lan 1 Mar. 18 May 2 Oct 20 Dec 31 Balances