eBook Show Me How Calculator Print item Weighted Average Cost Flow Method Under Perpetual Inventory System The following units of a particular item were available for sale during the calendar year: Jan. 1 Inventory Mar. 18 Sale 30,000 units at $30.00 24,000 units 54,000 units at $31.00 May 2 Purchase Aug. 9 Sale 45,000 units 21,000 units at $32.10 Oct. 20 Purchase The firm uses the weighted average cost method with a perpetual 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 5. Round unit cost to two decimal places, if necessary. Schedule of Cost of Merchandise Sold Weighted Average Cost Flow Method Cost of Merchandise Sold Quantity Unit Cost Total Cost Purchases Unit Cost Quantity Total Cost Quantit Date Jan. 1 Mar. 18 May 2 Man.Convoker-assignments takassignmentSessionLocator assignment JUURUSU Mar. 18 May 2 Purchase 24,000 units 54,000 units at $31.00 45.000 21,000 a $32.10 A Sale Oct 20 Purchase Themes weed average co d data in the formustrated in S. Round e per w t s em. Determine the cost of merchande necessary for each sale and the inventory balance after each sa present the a Schedule of Cost of Merchandise Sold Weighted Average Cost Flow Method Purchases Cost of Merchandise Sold Inventory Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Con Quantity Unit Cost Total Com ani Mar. 18 May 2 A9 oct. 20 (Dec. 31 Balances Cho My Wonmore Check My Worces romano Previous Next > Assignment Score: 25.47% All work saved Email Instructor Save and Exit Submit Assignment for Grading