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Please fill out all the boxes The beginning inventory for Midnight Supplies and data on purchases and sales for a three-month period are as follows:
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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 7,300 $71.00 $518,300 Jan. 1 Inventory 10 Purchase 21,900 81.00 1,773,900 28 Sale 10,950 142.00 1,554,900 30 Sale 3,650 142.00 518,300 1,460 142.00 Feb. 5 Sale 10 Purchase 16 Sale 52,560 83.50 26,280 152.00 207,320 4,388,760 3,994,560 3,772,640 3,744,900 28 Sale 24,820 152.00 Mar. 5 Purchase 43,800 85.50 14 Sale 29,200 152.00 4,438,400 25 Purchase 7,300 86.00 627,800 30 Sale 25,550 152.00 3,883,600 Dennrad. Midnight Supplies Schedule of Cost of Goods Sold Weighted Average Cost Method For the Three Months Ended March 31 Cost of Goods Sold Quantity Unit Cost Purchases Date Quantity Unit Cost Total Cost Inventory Unit Cost lan 1 Total Cost Quantity Total Cost Jan. 10 Jan 28 Y. 30 reb. 5 Feb, 10 Feb. 16 Feb. 28 Mar. 5 Mar 14 Mar. 25 Mar 30 Mar 31 Balances Mar. 31 Balances 2. Determine the total sales, the total cost of gods 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 Step by Step Solution
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