3) The following units of a particular item were available for sale during the calendar year: Jan 1 Inventory 8,000 units at $60.00 Instructions: The Feb 28 Sale 7,000 units company uses Purchase 20,000 units at $65.00 the weighted Aug 15 Sale average cost 17,000 units method with a Nov 1 Purchase 10,000 units at $70.00 perpetual April 30 I 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 6. (10 points)