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The beginning inventory at Midnight Supplies and data on purchases and sales for a three-month period ending March 31 are as follows: Record the inventory,
The beginning inventory at Midnight Supplies and data on purchases and sales for a three-month period ending March 31 are as follows: Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illustrated in Exhibit 5, using he weighted average cost method. Round unit cost to two decimal places, if necessary. Round all total cost amounts to the nearest |nllar \begin{tabular}{c} Cost of \\ Goods Sold \\ Quantity \end{tabular} \begin{tabular}{c} Cost of \\ Goods Sold \\ Unit Cost \end{tabular} \begin{tabular}{c} \begin{tabular}{c} Cost of \\ Goods Sold \\ Total Cost \end{tabular} \\ \begin{tabular}{c} Inventory \\ Quantity \end{tabular} \end{tabular} 3. Determine the ending inventory cost as of March 31
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