The beginning inventory for Midnight Supplies and data on purchases and sales for a three-month period are as follows:

Date		Transaction	Number of Units		Per Unit		Total
Jan. 1		Inventory	7,700		$72.00		$554,400
10		Purchase	23,100		82.00		1,894,200
28		Sale	11,550		144.00		1,663,200
30		Sale	3,850		144.00		554,400
Feb. 5		Sale	1,540		144.00		221,760
10		Purchase	55,440		84.50		4,684,680
16		Sale	27,720		154.00		4,268,880
28		Sale	26,180		154.00		4,031,720
Mar. 5		Purchase	46,200		86.50		3,996,300
14		Sale	30,800		154.00		4,743,200
25		Purchase	7,700		87.00		669,900
30		Sale	26,950		154.00		4,150,300

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.

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. $