1. Record the inventory, purchases, and cost of merchandise sold dara in a prepetual inventory record similar to the one illustrated in exhibit 5 hsing the weighted average cost method. round two decimal places

(not shown collums for quanity, unit cost, and total cost)

Weighted Average Cost Method with Perpetual Inventory The beginning inventory at Midnight Supplies and data on purchases and sales for a three-month period ending March 31 , are as follows: 2. Determinit the total sales, the total cost of merchandise sold, and the gross profit from sales for the period. 3. Determine the ending inventory cost as of March 31. 1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record simular to the one illustrated in Exhibit 5, using the weighted average cost method. Round unit cost to two decimal places, if necessary