weighted Average Cost Flow Method Under Perpetual Inventory System The following units of a particular item were available for sale during the calendar ye Jan. 1 Inventory 4,000 units at $40 Apr. 19 2,500 units June 30 Purchase 4,500 units at $44 Sept. 2 5,000 units Nov. 15 Purchase 2,000 units at $46 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. Schedule of Cost of Goods S Weighted Average Cost Flow Method Purchases cost of Goods Sold Inventory Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Jan. 1 4,000 Apr. 19 2,500 40 1 00,000 June 30 4 ,500 198,000 6,000 -Sept. 2 2 x 200,000 Nov. 15 2,000 46 92,000 1,000 x Dec. 31 Balances 4,500 x Check My Work Check My Work Previous Next 2 All work saved ove and Edt Submit Ass gnment for Grading