weight average cost flow method under perpetual inventory system

1 EX 07.15 ALGO 2. EXOT03 ALGO Weighted Average Cost Flow Method Under Perpetual Inventory System EXOT BE ALGO The following units of a particular item were available for sale during the calendar year: EXOTE ALGO May 2 Purchase 54.000 53.00 Oct 20 Purchase 21.000 32 10 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 Weighted Averag Purchases Cost of Date Quantity Unit Cost Total Cost Quantity 2 Dec 31 1 EXOT-15 ALGO 2 EXOTOS ALGO 3 EXOT BE ALGO EXOT.C 5EX.07 13 ALGO EXOT 18 ALGO pf Merchandise Sold Cost Flow Method Merchandise Sold Unit Cost Total Cost Inventory Unit Cost Quantity Total Cost