Weighted Average cost Flow Method Under Perpetual Inventory System The following units of a particular item were available for sale during the calendar years Jon 1 Inventory 30,000 units at $30.00 Mar 18 Sale May 2 Purchase 54,000 units at $31.00 Aug. 9 Sale 45,000 units Oct 20 Purchase 21.000 units at $32.10 The form uses the weighted average cost method with a perpetual entory system. Determine the cost of merchandise sold for each sale and the inventory balance after each sale Present the data in the form dlustrated in Edot. Round unit cost to two decimal places necessary Schedule of Cost of Merchandise Sold Weighted Average Cost Flow Method rm uses the weighted average cost method with a perpetual inventory system. Determine the cost of merchandise sold for each sale and the inventory balance after each sale. ent the data in the form illustrated in Exhibit 5. Round unit cost to two decimal places, if necessary Schedule of Cost of Merchandise Sold Weighted Average Cost Flow Method Purchases Cost of Merchandise Sold Inventory Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity 30,000 10,00 24,000 30 7 20,000 6,000 180,00 54,000 1.674,000 60,000 1,854,00 45,000 30.9 1,390,500