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 $$50$

Apr. $19$

Sale

$2,500$ units

June $30$

Purchase

$4,500$ units at $$54$

Sept. $2$

Sale

$5,000$ units

Nov. $15$

Purchase

$2,000$ units at $$56$

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 $5.$

$(3)$

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t flow method under perpetual inventory system

a particular item were available for sale during the calendar year:

ventory

$4,000$ units at $$50$

$2,500$ units

$4,500$ units at $$54$

$5,000$ units

$2,000$ units at $$56$

ghted average cost method with a perpetual inventory system. Determine the cost of goods sold for each sale and the inventory balance after each in the form illustrated in Exhibit $5.$

Weighted Average Cost Flow Method