Content Area 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 7,700 $77.00 $592,900 10 Purchase 23,100 87.00 2,009,700 28 Sale 11,550 154.00 1,778,700 30 Sale 3,850 154.00 592,900 Feb. 5 Sale 1,540 154.00 237,160 10 Purchase 55,440 89.50 4,961,880 16 Sale 27,720 164.00 4,546,080 28 Sale 26,180 164.00 4,293,520 Mar. 5 Purchase 46,200 91.50 4,227,300 14 Sale 30,800 164.00 5,051,200 25 Purchase 7,700 92.00 708,400 30 Sale 26,950 164.00 4,419,800 Required: 1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory recor