eBook Calculator 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 7,500 $75.00 $562,500 10 Purchase 22,500 35.00 1,912,500 20 Sale 30 Sale Febs Sale 10 Purchase 16 sate 11,250 3,750 1,500 54,000 27,000 25,500 45,000 30,000 7.500 26.250 150.00 150.00 150.00 87.50 160.00 160.00 30.50 160.00 0.00 160.00 1,687,500 562,500 225,000 4,725,000 4,320,000 4,080,000 4,027,500 4,000,000 675,000 4.200,000 28 Sale Mars Purchase 14 sale Required 0 3 :32 eBook Calculator Jan. 30 Feb. 5 Feb. 10 Feb. 16 Feb. 28 Mar. 5 Mar. 14 Mar. 25 Mar. 30 Mar. 31 Balances 2. Determine the total sales, the total cost of merchandise sold, and the gross profit from sales for the period. Total sales Total cost of merchandise sold Gross profit from sales 3. Determine the ending inventory cost as of March 31. Check My Work 0 13:33