Weighted Average Cost Flow Method Under Perpetual Inventory Sysytem

The follwing units of a particular item were available for sale during the calendar year:

Jan. 1 Inventory 15,000 units at $60.00

Mar. 18 Sale 12,000 units

May 2. Purchase 27,000 units at $62.00

Aug 9. Sale 22,500 units

Oct 20. Purchase 10,500 units at $64.20

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

Weighted Average Cost Flow Method Under Perpetual Inventory System The following units of a particular item were avaliable 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 after each sale. Present the data in the form illustrated in Exhibit 5. Round unit cost to two decimal places, if necessary. ventory system. Determine the cost of merchandise sold for each sale and the inventory thibit 5. Round unit cost to two decimal places, if necessary