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 $50 2.500 units Jan. 1 Apr. 19 Inventory Sale June 30 Purchase 4,500 units at $54 Sept. 2 Nov 15 Sale 5,000 units Purchase 2,000 units at $56 The firm uses the weighted average mit 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 the fam Exhoe S Date Purchases Quantity Purchases Unit Cost Purchases Total Cost Weighted Average Cost Flow Method Cost of Goods Sold Quantity Cost of Goods Sold Unit Cost Cost of Goods Sold Total Cost Jan. 1 Inventory Quantity 4,000 Inventory Inventory Unit Cost Total Cost 50 300,000 Apr. 19 2,500 50 125,000 1,500 73,000 June 30 4,500 54 243,000 6,000 Sept. 2 Nov 15 Dec. 31 Balances