Weighted Average Cost Flow Method Under Perpetual Inventory System The following units of a particular item were avaltable for sale during the calendar year: 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 each sale. Present the data in the form illustrated in Exhibit 5. Round unit cost to two decimal places, if necessary. Exginning imventory, purchases, and sales data for portabie game players are as folows: The business maintains a perpetual inventory system, costing by the first-in, first-out mothod: a. Deterninie the cost of the merchandse sold for each sale and the imventory bounce arter each sale, pretenting une data in the focm ilustrated in Exhibit 3. Under FiFO, if units are in inventery at two deflerent costs, enter the units wan the Lower unit cost fest in the Cost of Merchandise Sold Unit Cost column and in the Irwentory Unt Cost column. Derpetual Inventory Account First-in, First-out Method Portable Game Players