$1.$ PR$\mathrm{.}06\mathrm{.}03$A$.$ALGO $($Algorithmic$)$

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: Required: dollar.

$2.$ Determine the total sales, the total cost of goods sold, and the gross profit from sales for the period.

$\backslash$begin$\{$tabular$\}\{$l$|$l$\}$

Total sales & $\backslash (\backslash$$ $\backslash )\backslash \backslash$

$\backslash$cline $\{2-2\}$ Total cost of goods sold & $\backslash \backslash$

$\backslash$cline $\{2-2\}$ Gross profit & $\backslash (\backslash$$ $\backslash )\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$

$3.$ Determine the ending inventory cost as of March $31.$

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