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 $40

Apr. 19

Sale

2,500 units

June 30

Purchase

4,500 units at $44

Sept. 2

Sale

5,000 units

Nov. 15

Purchase

2,000 units at $46

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.

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welchte werage Colow Method Under Perpetual inventory system The following units of a particularium were able for sale during the landar year Jan. 1 twentory 4.000 nits at $40 Ar. 19 Sale 2.500 units June 30 Purchase 4,500 units at 544 Sept 2 5,000 units IN 15 Purchase 2,000 units 146 The firm uses the waves that when try system. Determine the cost of good for the balance was present the data in the form strated in this Schedule of cost of Goods Sold Weighted Average Cost How Method Purchases Cost of Goods Sold Twory Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Apr 19 Nu 30 Sept 2 15 100c