Weighted Average Cost Flow Method Under Perpetual Inventory System The following units of a particular item were available for sale during the calendar year 10,000 units at $75.00 8,000 units Jan 1 Mac 18. May 2 Aug. 9 Inventory Sale Purchase 18,000 units at $77.50 Sale 15,000 units Purchase Oct. 20 7,000 units at $80.25 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 S. Round unit cost to two decimal places, if necessary. Purch-ses Date Quantity Unit Cost Total Cost Quantity Jan 1 Mar May 18,000 2 77.50 1,395,000 Aug Schedule of Cost of Goods Sold Weighted Average Cost Flow Method Cost of Goods Sold Inventory Unit Cost Total Cost Quantity Unit Cost Total Cost 10,000 V 75 750,000 V 8,000 2,000 v 75 V 150,000 75 600,000 15.000 77.50 X 1,395,150 x