Chapter 06 Homework (Application) eBook Calculator 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 Midnight Supplies Schedule of Cost of Goods Sold Weighted Average Cost Method For the Three Months Ended March 31 Purchases Cost of Goods Sold Inventory Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Jan. 1 an. 10 Jan. 28 an. 30 Feb. 10 Feb. 16 Feb. 28 Mar. 5 Mar. 14 Mar. 25 Check My Work Previous Assignment Score: 68.93% All work saved. Save and Exit Submit Assignment for Grading Chapter 06 Homework (Application) eBook Calculator Jan. 28 Jan. 30 Feb. 5 Feb. 10 Feb. 16 Feb. 28 Mar. 5 Mar. 14 Mar. 25 Mar. 30 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 Check My Work Previous Assignment Score: 68.93% All work saved. Save and Exit Submit Assignment for Grading Chapter 06 Homework (Application) eBook 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 Calculator Number Date Transaction of Units Per Unit Total 7,500 $75.00 85.00 11,250 150.00 150.00 1,500 150.00 87.50 27,000 160.00 160.00 89.50 30,000 160.00 90.00 160.00 Jan. 1 Inventory $562,500 1,912,500 1,687,500 562,500 225,000 4,725,000 4,320,000 4,080,000 4,027,500 4,800,000 675,000 4,200,000 10 Purchase 28 Sale 30 Sale 22,500 3,750 Feb. 5 Sale 10 Purchase 16 Sale 28 Sale 54,000 25,500 Mar. 5 Purchase 45,000 14 Sale 25 Purchase 30 Sale 7,500 26,250 Requirec 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