Grades Quantita Home-Redtail TeLogin-University VHL Central | Das CengageNOWV2. Yuzu Reader: Ess Onboarding for Ke... ds eBook Show Me How Print tem Weighted average cost flow method under perpetual inventory system The following units of a particular item were available for sale during the calendar year: 9,000 units at $50.00 7,000 units Jan. 1 Inventory hal... Mar. 18 Sale May 2 Purchase 8,000 units at $56.50 Aug. 9 Sale 8,000 units Oct. 20 Purchase 4,000 units at $60.00 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 eache sale. Present the data in the form illustrated in Exhibit 5. Round your "Unit Cost" answers to two decimal places. Purchases Date Quantity Purchases Unit Cost Purchases Total Cost Quantity Weighted Average Cost Flow Method Cost of Goods Sold Cost of Goods Sold Unit Cost Cost of Goods Sold Total Cost Invent Quanti Jan. 1 Mar. 18 May 21 Aug. 9 Oct. 20 Dec. 31 Balances 100