Record the inventory, purchases, and cost of goods sold in a perpetual inventory

Instructions The beginning inventory at Midnight Supplies and data on purchases and sales for a three month period ending March 31 are as follows: Date Transaction Number of Units Per Unit Total Jan 1 Inventory 2,600 $58.00 $150,800 10 Purchase 7,200 66.00 475,200 28 Sale 3,950 116.00 458,200 30 Sale 1,300 116,00 150.800 Feb. 5 Sale 500 116.00 10 Purchase 17,500 68.00 58,000 1.190,000 1.113,200 16 Sale 9.200 121.00 28 Sale 8,000 121.00 968,000 Mar 5 Purchase 14,400 69.60 1,002,240 14 Sale 10.100 121.00 1,222.100 25 Purchase 3,300 70.00 231.000 30 Sale 7.900 121.00 955.900 FIFO DO Shaded cols have feedback. X TOATE Log UMOS TORINO onoy US Jan. 1 le 10 $ 10 28 S $ 28 S IS S $ $ 30 FD5 $ 10 S $ 10 16 S S 16 $ S 28 S s $ Mats 5 14 S $ $ 14 S 25 S 25 30 S 3 30 31 Balances S FIFO Shaded calls have nedback, X Total Cost IT Quantity Unit Cost Total Cost Quantity Unit Cost $ S $ $ $ $ S S S S $ $ S $ $ om oo $ 5 5 $ $ $ S $ S $ 5 s S s $ $ S S S 5 $ S $ S $ $ $ S $ S S S PAGE 10 JOURNAL Score: 33/51 ACCOUNTING EQUATION DAT DESCRIPTION POSTER DELIT CREDIT ASSETS LIABIOTICS EQUITY Mar. 33 Accounts Receivable 22 Sales Mar 31 Cost of Goods Sold Inventory 3. Determine the gross profit from sales for the period