Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record, using the weighted average cost method. Round unit cost to two decimal places, if necessary. Round all total cost amounts to the nearest dollar.
The beginning inventory for Midnight Supplies and data on purchases and sales for a three-month period are as follows:

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Taxable Income But Less Than Or Of the amount exceeding S0 S50,000 Tax Is Equal To Greater Than S0 $50,000 $75,000 S75,000 57,500 + 25% S100,000 1575,000 13,750+34% $22,250+39% s100,000 Is335,000 ls $100,000 Taxable Income But Less Than Or Of the amount exceeding S0 S50,000 Tax Is Equal To Greater Than S0 $50,000 $75,000 S75,000 57,500 + 25% S100,000 1575,000 13,750+34% $22,250+39% s100,000 Is335,000 ls $100,000