Weighted Average Cost Method

For the three months ended March $31$

Determine the total sales, the total cost of merchandise sold, and the gross profit from sales for the period.

$$otal sales

$$otal cost of merchandise sold

Gross profit from sales

Determine the ending inventory cost as of March $31.$Weighted Average Cost Method with Perpetual Inventory

The beginning inventory at Midnight Supplies and data on purchases and sales for a three$-$month period ending March $31,$ are as follows: