Veighted averoge cost method with perpetual inventory The beginning imentory at Midight Supplies and data oel parchases and sales for a three-month period ending March 31 are as follows: Mequired Pound unit cost to two decimal places, it necessary. Hosund alt totat cost anounts to the nearest dollar. 11eBock Teb. 10 Fob, 16 teb. 28 Mar,5 48,000490.504,344,000 Mst. 14 Mat. 25 Mar. 30 Mr. II Balances Total whes Total cor of pooks wis of goods sold data in a perpetuat inventory record similar ta the one llistrated in Exhibit 5 , using the weighted average cost method. dollar. 2. Determine the total sales, the total cost of goods sold, and the gross profit from sales for the period. 3. Determine the ending inventory cost as of March 31. Feedbad T Cleck My Wark 1. When the perpetual inventory system is used, revenue is recorded each time a sale is made along with an entry to record the cost of