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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:

Date		Transaction	Number of Units	Per Unit	Total
Jan. 1		Inventory	7,700		$75.00		$577,500
10		Purchase	23,100		85.00		1,963,500
28		Sale	11,550		150.00		1,732,500
30		Sale	3,850		150.00		577,500
Feb. 5		Sale	1,540		150.00		231,000
10		Purchase	55,440		87.50		4,851,000
16		Sale	27,720		160.00		4,435,200
28		Sale	26,180		160.00		4,188,800
Mar. 5		Purchase	46,200		89.50		4,134,900
14		Sale	30,800		160.00		4,928,000
25		Purchase	7,700		90.00		693,000
30		Sale	26,950		160.00		4,312,000

Determine the total sales, the total cost of goods sold, and the gross profit from sales for the period.

Total sales	$fill in the blank 72
Total cost of goods sold	$fill in the blank 73
Gross profit	$fill in the blank 74

3. Determine the ending inventory cost as of March 31. $fill in the blank 75