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: Number Date Transaction Total Per Unit of Units Jan. 1 twentory 7,500 $75.00 $562,500 10 Purchase 22,500 85.00 1,912,500 28 Sale 11,250 150.00 1,687,500 30 Sale 3,750 150.00 562.500 Feb. 5 Sale 1,500 150.00 225,000 10 Purchase 54,000 37.50 4,725,000 16 Sale 27,000 160.00 4,320,000 20 Sale 25,500 160.00 4,000,000 Mar Purchase 39.50 4,027500 45,000 30.000 Salo 160.00 4,800,000 25 Purchine 500 00.00 675,000 30 Sale 26250 160.00 4,200,000 Required: schedule of cost of Merchandise Sold Wetter Arne Cost Hothod: Purchases Cost of Merchandise Sold Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Jan 1 Jan. 10 Jan. 30 (Feb.s Feb. 10 Feb. 16 Feb. 28 Mar. Schedule of cost of Merchandise Sold Weighted Average Cost Method For the three months ended March 31 Cost of Merchandise Sold Quantity Unit Cost Total Cost Inventory Total Cost Unit Cost Quantity Total Cost Feb. 10 Feb. 16 Feb. 28 Mars Mar. 14 Mar. 25 Mar. 30 Mat 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 wwentory cost as of March 31, cont of merchandise sold, and the grou profit from sales for the period sta of March 31