eBook Calculator Weighted Average Cost Method with Perpetual Inventory The beginning inventory for Midnight Supplies and data on purchases and sales for a three period follow Date Jan. 1 10 Total Number of Units 7,500 Transaction Inventory Purchase Per Unit $75.00 Feb. 5 Sale 10 Purchase 16 Sale Sale Mr. 5 Purchase Sale 30.000 238 25 Purchase 30 Sale 26,250 160.00 strated in this using the weighted average cost method Required: 1. Record the inventory, purchases, and cost of goods sold data in perpetual inventory record similar to the one Round unit cost to two decimal places, if necessary. Round a total cost amounts to the nearest dollar Midnight Supplies