Weighted Average Cost Method with Perpetual Inventory The beginning inventory for Midnight Supplies and data on purchases and sales for a three-month period are as follows: Number Date Transaction of Units Per Unit Total Jan. 1 Inventory 7,100 $70.00 $497,000 10 Purchase 21,300 80.00 1,704,000 28 Sale 10,650 140.00 1,491,000 30 Sale 3,550 140.00 497,000 Feb. 5 Sale 1,420 140.00 198,800 10 Purchase 51,120 82.50 4,217,400 16 Sale 25,560 150.00 3,834,000 28 Sale 24,140 150.00 3,621,000 Mar. 5 Purchase 42,600 84.50 3,599,700 14 Sale 28,400 150.00 4,260,000 25 Purchase 7,100 85.00 603,500 30 Sale 24,850 150.00 3,727,500 Desuired. Jan. 1 Jan. 10. Jan. 28 Jan. 301 Feb. 5 Feb. 10 Feb. 16 Feb. 28 Mar. 5 Mar. 14 Mar. 25 Purchases Date Quantity Unit Cost Total Cost EIFINGU Average CUST For the Three Months Ended Cost of Quantity Un Mar. 30 Mar. 31 Balances 2. Determine the total sales, the total cost of goods sold, and the gross profit from sales for the period. Total sales Total cost of goods sold Gross profit 3. Determine the ending inventory cost as of March 31. $