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 Apr, 19 June 30 Sept. 2 Nov. 15 The firm uses the weighted average cost method with a perpetual inventory system. Determine the cost of mertandise sold for each sale and the inventory balance sale. Present the data in the form illustrated in Exhibit 5. Round unit cost to two decimal places, if necessary Inventory Sale Purchase Sale Purchase 4,000 units at $20 2,500 units 6,000 units at $24 4,500 units 1,000 units at $25 Schedule of Cost of Merchandise Sold Weighted Average Cost Flow Method Cost of Merchandise Sold Purchases Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit an. 1 Apr. 19 une 30 Sept. 2 Nov. 15 Dec. 31 Balances ethod Under Perpetual Inventory System lar item were available for sale during the calendar year: 4,000 units at $20 2,500 units 6,000 units at $24 4,500 units 1,000 units at $25 rage cost method with a perpetual inventory system. Determine the cost of merchandise sold for each sale and the inventory balance after each m illustrated in Exhibit 5. Round unit cost to two decimal places, if necessary Schedule of Cost of Merchandise Sold Weighted Average Cost Flow Method Cost of Merchandise Sold Inventory Unit Cost Purchases Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Total Cost