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 $15,000$ units at

Mar. Sale

$18,12,000$ units

May $2$ Purchase $27,000$ units at $$62\mathrm{.}00$

Aug. $9$ Sale $22,500$ units

Oct. Purchase $10,50020$ units $at$

$$64\mathrm{.}20$

The firm 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. Present the data in the form illustrated in Exhibit $5.$ Round unit cost to two decimal places, if necessary.

$\backslash$table$[[\backslash$table$[[$Perpetual Inventory Account$],[$Weighted Average Cost Flow Method$]]],[5,,$Purchases,,Cost of Merchandise Sold,Inventory$],[$Date$,$Quantity,Unit Cost,Total Cost,Quantity,Unit Cost,Total Cost,Quantity,Unit Cost,Total Cost$],[$Jan$.1,,,,,,,,$$$,$:$],[$Mar$.18,,,,,$$$,,,,],[$May $2,,$$$,$$$,,,,,,],[$Aug$.9,,,,,,,,,],[$Oct$.20,,,,,,,,,],[$Dec$.31,$Balances,,,,,$$,,$$$,$$