Cost of Goods Sold # of Cost per Cost of units unit Goods Sold sold Weighted Average - Perpetual: Goods purchased Date # of Cost per Inventory units unit Value December 7 20 @ $ 14.00] = $ 280.00 December 14 36 @ $ 21.00] = $ 756.00 Inventory Balance # of units Cost per Inventory unit Balance 20 @ $ 14.00 = $ 280.00 20 @ $ 14.00 = 56 @ $ 21.00 = $ 18.50] = $ 280.00 1,176.00 $1,456.00 Average cost 76 @ December 15 30 @ $ 18.50 = $ 555.00 26 @ $ 18.50 = $ 481.00 December 21 30 @ $ 25.00 = $ 750.00 26 @ $ 18.50 = 56 @ $ 25.00 = 82 @ $ 481.00 1,400.00 Average cost Totals $ 555.00