335 Obj. 3 Chapter 6 Inventories E SEX 6-8 Weighted average cost flow method under perpetual inventory system The following units of a particular item were available for sale during the calendar year: Inventory 10,000 units at $75.00 8,000 units 18,000 units at $77.50 Aug. 15,000 units 7,000 units at $80.25 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. Jan. Mar. May 1 18 2 9 20 Sale Purchase Sale Purchase Oct. Obj. 6 EX 6-15 Lower-of-cost-or-market inventory market applied to (a) each item in the inventory, (b) each class of inventory, and (c) total inventory. Assemble the data in the form illustrated in Exhibit 10. TEMPLATE Inventory Quantity Cost per Unit Market Value per Unit (Net Realizable Value) Product Class 1: Model A Model B Model Class 2: Model D Model E 300 500 150 $140 90 60 $125 112 59 800 400 120 140 115 145 On the basis of the following data, determine the value of the inventory at the lower of cost or