Weighted Average Cont Methed with Perpetual Twventary The beginning inventory at Midignt Supplies and data an purchases and sales for a three-month period ending March 31 , are as follows! Required : 1. Pecerd the inyentery, purchases, and cost of merchandise sold data in a perpebual inventery rocord similar to the one ifustrated in Exhibit s, using the weighted average cout irethod. Round unil cost to twe decimal placks, If nechsaary Mienigint supplies Sichndule of Cost of Merchandise Sold Weighted Average Cast Method For the thee monthat ended march it. 2. Determine ifwe total sales, the tekal esst ef merchandise sid, and the grees arant from sales for the iverad 3. Determine the ending inventory cest as of Haroh 31 x fantiox. after a sale is computhe by fivitislying the swerage unit cout by the wnts an hand