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The beginning inventory at Midnight Supplies and data on purchases and sales for a three - month period ending March 3 1 , are as
The beginning inventory at Midnight Supplies and data on purchases and sales for a threemonth period ending March are as follows:
Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one illustrated in Exhibit using the weighted average cost method. Round unit
cost to two decimal places, if necessary. Determine the total sales, the total cost of merchandise sold, and the gross profit from sales for the period. Determine the ending inventory cost as of March
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