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 9,000 units at $50.00 7,000 units May 2 8,000 units at $56.50 Aug. 9 8,000 units Oct. 20 Purchase 4,000 units at $60.00 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. Present the data in the form illustrated in Exhibit 5. Round your "Unit Cost answers to two decimal places. Mar. 18 Date Jan. 1 Mar. 18 May 2 Aug. 9 Oct. 20 Dec. 31 Inventory Sale Purchase Sale Purchases Quantity Balances Purchases Unit Cost 3 Purchases Total Cost Weighted Average Cost Flow Method Cost of Goods Sold Unit Cost Cost of Goods Sold Quantity Cost of Goods Sold Total Cost ||| Inventory Quantity Inventory Unit Cost Inventory Total Cost

Weighind arnrage cint fins metoof under pepitual inventory sistem Weighted average cost flow method under perpetual inventory system The following units of a particular item were available for sale during the calendar year