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The following units of a particular item were available for sale during the calendar year. Jan 1 Inventory 5,000 units at $22.00 Apr 18 Sale

The following units of a particular item were available for sale during the calendar year.

Jan 1 Inventory 5,000 units at $22.00

Apr 18 Sale 3,000 units

June 29 Purchase 8,000 units at $25.00

Oct 10 Sale 3,000 units

Nov 27 Purchase 2,000 units at $28.00

The firm uses the weighted average cost method with a perpetual inventory system. a. Determine the cost of the merchandise sold for each sale b. Determine the inventory balance after each sale

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