The following units of a particular item were available for

#8162

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

Jan. 1.............. Inventory .............. 10,000 units at $75.00

Mar. 18 ........... Sale ................................. 8,000 units

May 2 ............ Purchase ...............18,000 units at $77.50

Aug. 9 ............ Sale ................................ 15,000 units

Oct. 20 .......... Purchase ................ 7,000 units at $80.25

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 5?

Exhibit 5: Present Value of $1 at Compound Interest

The following units of a particular item were available for

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