eflock ed Av Cost Hathed with Perpetual Invertory the beginning inventory for Midnight Supplies and data on purchases and sales for a three month period are as follows: Number Date Transaction of Units Per Unit Total Jan. 1 Inventory 10 Purchase 2 Sale 7,000 21,900 10,950 160.00 $80.00 $504,000 90.00 1,971,000 1,752,000 30 Sale 3,650 160.00 584,000 feb. 5 Sale 1,400 160.00 233,600- 10 Purchase 52,500 92.50 4,801,00 16 Sale 26,200 170.00 4,467,000 28 Sale 24.820 170.00 4,219,400 Mac 5 Purchase 43,000 14 Sale 25 Purchase 30 Sale 29,200 170.00 7,300 95.00 04.50 4,139,100 4,964,000 693,500 Required: 25,550 170.00 4.343,500 1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one ilustrated in Exhibit 5, using the weighted average cost method. Round unit cost to two decimal places, if im cost amounts to the nearest dollar. Midnight Supplies Schedule of Cost of Goods Sold Weighted Average Cost Method For the Three Months Ended March 31 Jan. 11 Purchases Date Quantity Unit Cost Total Cost Quantity Cost of Goods Sold Inventory Unit Cost Total Cost Quantity 7,300 Unit Cost Total Cost 584,000 ebook Jam 20 Jan 2 Jan 30 rek 5 Feb 10 Feb 16 Feb. 281 Mar S Mar 14 Mar 25 Mar 30 News Pipe My MC Camp Login DPD De Date Quantity Purchases Cast Total Cust Quantity Cost of Goods Sold Bait Cost Total Cost Quantity 21,900 90 V 1,971.000 D Mar. 31 Balamos 2. Determine the total sales, the total cost of goods sold, and the gross profit from sales for the period. Total sales Total cost of goods sold Gross profit 3. Determine the ending inventory cost as of March 31. 7.300 125,560 x Investory Total Con 364,000