eBook Print them Weighted Average Cost Flow Method Under Perpetual Inventory System The following units of a particular item were available for sale during the calendar year: 4,000 units at $40 Jan. 1 Inventory Apr. 19 Sale 2,500 units June 30 Purchase 4,500 units at $44 Sale 5,000 units Maching and learning resource from Sept. 2 Nov. 151 Purchase 2,000 units at $46 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 Exhibit 5 Schedule of Cost of Goods Sold Weighted Average Cost Flow Method Date Jan, 1 Quantity Purchases Unit Cost Cost of Goods Sold Total Cost Quantity Unit Cost Total Cost Quantity Inventory Unit Cost Total Cost 4,000 20 X 80,000 X Apr 191 2,500 20 X 50,000 x 1,500 V 20 X June 301 6,000 x 24 X 144,000 X 7,500 x 23.2 X Sept. 21 4,500 x 23.2 X 104,400 X 3,000 x 23.2 X 30,000 x 174,000 x 696,000 x Nov 15 1,000 x 25 X 25,000 X 4,000 X 23.65 x 94,600 X Dec. 31 Balances 154,400 X 4,000 X 23.65 X 94,600 x Check My Work no Check My Work uses remaning Assignment Score: 37.3%