Wilmn/take Assignment/take AssignmentMain.do?invoker=assignments&take AssignmentSessionLocator assignment-take&inprogress=false eBook Show Me How I Calculator E Print Item 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 30,000 units at $30.00 Mar. 18 Sale 24,000 units Purchase 54,000 units at $31.00 May 2 Aug. 9 Oct. 20 45,000 units Sale Purchase 21,000 units at $32.10 The firm uses the weighted average cost method with a perpetual inventory system. Determine the cost of merchandise sold for each sale and the inventory the data in the form 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 Quantity Unit Cost Total Cost Purchases Unit Cost Date Quantity Quantity Total Cost Jan. 1 Mar. 18 May 2 Aug. 9 oct. 20 Dec. 31 Balances ageNOWV2 Online X Sun 09:38 film/take Assignment/take AssignmentMain.do?invoker-assignments&take AssignmentSessionLocator-assignment-take&inprogress-false eBook Show Me How Calculator Print Item 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 30,000 units at $30.00 Mar. 18 Sale 24,000 units May 2 Purchase 54,000 units at $31.00 Aug. 9 Sale 45,000 units Oct. 20 Purchase 21,000 units at $32.10 The firm uses the weighted average cost method with a perpetual inventory system. Determine the cost of merchandise sold for each sale and the inventory balance after each sale. Present the data in the form illustrated in Exhibit 5. Round unit cost to two decimal places, if necessary. Schedule of Cost of Merchandise Sold Welghted Average Cost Flow Method Purchases Cost of Merchandise Sold Inventory Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Jan. 1 Mar. 18 s May 2 Aug. 9 Oct. 20 T L Dec. 31 Balances I Check My Work 2 more Check My Work uses remaining Previous Next Email Instructor Save and Exit Submit Assignment for Grading