Company M uses the perpetual inventory system and valuates inventory using the weighted average method. Calculate the ending inventory for March, assuming that the goods were sold for $10/unit. (6 Marks) Record journal entry for purchase on March 26 (2 Marks) Record journal entry for sale on March 28 (3 Marks) Unit Cost $ 2.00 $ Date 1-Mar 5-Mar 10-Mar 15-Mar 22-Mar 26-Mar 28-Mar Explanation Beginning Inventory Sale Purchase Sale Purchase Purchase Sale Units 50 20 30 40 50 20 60 2.50 $ $ 3.00 3.25