ebook Printem 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: Number Date Transaction of Units Per Unit Total Jan. 1 Inventory 7,600 $74.00 $562,400 10 Purchase 22,800 84.00 1.915,200 28 Sale 11,400 148.00 1,687,200 30 Sale 3,800 148.00 562,400 Feb. 5 Sale 1.520 148.00 224,960 10 Purchase 54,720 86.50 4,733,280 16 Sale 27,360 158.00 4,322,880 28 Sale 25,840 158.00 4,082.720 Mar. 5 Purchase 45,600 88.50 4,035,600 14 Sale 30,400 158.00 4,803,200 25 Purchase 7,600 89.00 676,400 30 Sale 26,600 158.00 4,202,800 Required: 1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illustrated in Exhibits, 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 gimento ime won BOR Print Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cast Total Cost -1 - 10 5 30 5 3.10 28 15 1,14 25 30 31 Balances Determine the total sales, the total cost of goods sold, and the gross proftrom sales for the period cal sales Cal cost of goods sold o proti Determine the ning invertory costs of March 31