Weighted Average Cost Flow Method Under Perpetual Inventory System The following units of a particular item were available for sale during the calendar year: lan 1 Inventory 10,000 units at $75.00 Mar. 18 Sale 8,000 units May 2 Purchase 18,000 units at $77.50 Aug. 9 Sale 15,000 units Oct 20 Purchase 7,000 units 0. The firm uses the weighted average cost od with a perpetual inventory system. Determine the cost od sold for each sale and the the form illustrated in Exhibit 5. Roundunt cost to two decimal places, necessary Schedule of Cost of Goods Sold Weighted Average Cost Flow Method Purchases Cost of Goods Sold Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost entry balance after each present the data in Inventory Quantity Unit Cost Total Co May 2 Aug. 9 Oct. 20 Dec. 31 Balances Previous