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 7,800 $70.00 $546,000 10 Purchase 23,400 80.00 1,872,000 28 Sale 11,700 140.00 1,638,000 30 Sale 3,900 Feb. 5 Sale 1,560 140.00 140.00 546,000 218,400 10 Purchase 56,160 82.50 4,633,200 16 Sale 28,080 150.00 4,212,000 28 Sale 26,520 150.00 3,978,000 Mar. 5 Purchase 14 Sale 25 Purchase 46,800 31,200 7,800 84.50 Sale 150.00 85.00 27,300 150.00 3,954,600 4,680,000 663,000 4,095,000 30 Required: 1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illustrated in Exhibit 5, using the weighted average cost method. Round unit cost to two decimal places, if necessary. Round all total cost amounts to the nearest dollar. Jan. 1 Jan. 10 Jan. 28 Jan. 30 Feb. 5 Feb. 10 Feb. 16 Feb. 28 Mar. 5 Mar. 14 Mar. 25 Mar. 30 Purchases Date Quantity Unit Cost Total Cost Mar. 31 Balances Schedule of Cost of Goods Sold Weighted Average Cost Method For the Three Months Ended March 31 Cost of Goods Sold Quantity Unit Cost Inventory Total Cost Quantity Unit Cost Total Cost 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