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eBook eighted average cost flow method under perpetual inventory system he following units of a particular item were available for sale during the calendar year:

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eighted average cost flow method under perpetual inventory system
he following units of a particular item were available for sale during the calendar year:
an.1
Inventory
4,000 units at $50
pr.19
Sale
2,500 units
une 30
Purchase
4,500 units at $54
ept. 2
Sale
5,000 units
lov. 15
Purchase
2,000 units at $56
he 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 ata in the form illustrated in Exhibit 5.
Weighted Average Cost Flow Method
\table[[Date,\table[[Purchases],[Quantity]],\table[[Purchases],[Unit Cost]],\table[[Purchases],[Total Cost]],\table[[Cost of Goods Sold],[Quantity]],\table[[Cost of Goods Sold],[Unit Cost]],\table[[Cost of Goods Sold],[Total Cost]],\table[[Inventory],[Quantity]],\table[[Inventory],[Unit Cost]],\table[[Inventor],[Total Cos]]],[,,,,,,,4,000,,200,00],[pr.19,,,,2,500,50,125,000,1,500,,75,00],[une 30,,,243,000,,,,,,],[ept.2,,,,,,,,,],[ov.15,,,,,,,,,],[ec.31,Balances,,,,,,,,]]
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