Weighted Average Cast Method with Perpetual Inventory The beginning intory at Midnight Supplies and data on purchases and sales for a three-month period ending March 31, are as follows: Number of Unita Date Transaction Per Unit Total Inventory 7,500 $75.00 5562,500 10 Purch 22,500 85.00 1,912,500 28 Sale 11.250 150.00 1.687,500 30 Sale 3,250 562,500 150.00 150.00 1,500 225,000 Feb. 10 Purchase 54,000 87.50 4,725,000 4,320,000 1 15 se 27,000 150.00 2B Sale 25,500 150.00 4,080,000 4,027,500 Mat. 5 45,000 89.50 Purchase Sale 150.00 4.800,000 30,000 7,500 90.00 675,000 25 Purchase 30 Salu 25,250 160.00 4,200,000 Required: 1. Record the wory, purchase and cost of merchandise Sold data in perpetual inventory record similar to the one strated in Exhibits, using the weighted average cost method. Round unit cost to two decimal places, if necessary Midnight Supplies Perpetual Inventory Account Weighted Average Cost Method For the three months ended March 31 Cost of Merchandise Sold Quantity Unit Cost Purchases Inventory Date Quantity Unit Cost Total Cost Total Cost Quantity Unit Cost Total Cost Jan. 1 Jan. 10 Jan, 28 Jan. 30 Feb. 5 Feb. 10 Feb. 16 Feb. 28 Mar. 5 Mar. 14 Mar. 25 Mar. 30 Mar. 31 Balances 2. Determine the total sales, the total cost of merchandise sold, and the gross profit from sales for the period. Total sales Total cost of merchandise sold Gross profit from sales 3. Determine the ending inventory cost as of March 31