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 Invertory 0.000 units at $30.00 24.000 unts Mar. 18 Sale May 2 Purchase 54,000 units at $31.00 Sale Aug. 9 45.000 units 21.000 its a$12.10 Oct. 20 Purchase The firm uses the weighted average cost method with a perpetual inventory yem Determine the cot of merhandse sod or eah sale and the inventory balance ater each sale Present the data in the formstrated in Eibt 5 ound unt esat ta twe decimal places, If necessary Schodale ef Cost of Merchandise Sold Weighted Average Cost Flow Hethod Purchases Cest of Merchandite Seld Inventory Unit Cost Date Quastity Total Cost Quantty Unit Cont Total Cast Quantity Unit Costh Total Cast Jan- 30,000 30.00 900,000 1 Mar 24,000 30.00 70.000 6,000 30.00 May 1.674.000 3100 x 54.000 31.00 54,000 X 1,674,000 x 2 30.90 1.350.560 30.90 15.000 45,000 463500 Oct 20 21,000 X 32.10 x 21.000 32.10 674.100 74 100 x Dec. Balances 2,119.500 36.000 31.60 s L13Z400