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:

Date	Transaction	Number of Units	Per Unit	Total
Jan. 1	Inventory	7,400	$79.00	$584,600
10	Purchase	22,200	89.00	1,975,800
28	Sale	11,100	158.00	1,753,800
30	Sale	3,700	158.00	584,600
Feb. 5	Sale	1,480	158.00	233,840
10	Purchase	53,280	91.50	4,875,120
16	Sale	26,640	168.00	4,475,520
28	Sale	25,160	168.00	4,226,880
Mar. 5	Purchase	44,400	93.50	4,151,400
14	Sale	29,600	168.00	4,972,800
25	Purchase	7,400	94.00	695,600
30	Sale	25,900	168.00	4,351,200

Required:

1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illustrated in Exhibit 5, using the weighted average cost method. Round unit cost to two decimal places, if necessary. Round all total cost amounts to the nearest dollar.