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 Apr. 19 June 30 Sept. 2 Nov. 15 Inventory Sale 4,000 units at $40 2,500 units Purchase 4,500 units at $44 Sale 5,000 units Purchase 2,000 units at $46 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 each sale. Present the data in the form illustrated in Exhibit S Cate Quantity Purchases Unit Cost Schedule of Cost of Goods Sold Weighted Average Cost Flow Method Cost of Goods Sold Inventory Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Jan. 1 Apr. 19. June 301 Sept. 21 Nov. 15: Dec. 31 Balances