eBook Weighted Average Cost Method with Perpetual Inventory The beginning inventory for Midnight Supplies and data on purchases and sales Number of Units Total Per Unit Transaction Date 7,300 $70.00 Jan. 1 Inventory Purchase $511,000 1,752,000 80.00 10 21,900 10,950 28 1,533,000 Sale 140.00 30 Sale 3,650 511,000 140.00 Feb. 5 Sale 1,460 204,400 140.00 10 Purchase 52,560 82.50 4,336,200 16 Sale 26,280 150.00 3,942,000 28 Sale 24,820 150.00 3,723,000 3,701,100 43,800 84.50 Purchase Mar. 5 14 Sale 29,200 150.00 4,380,000 25 Purchase 7,300 620,500 85.00 Sale 25,550 150.00 3,832,500 30 Required: 1. Record the inventory, purchases, and cost of goods sold data in a perpetual decimal places, if necessary. Round all total cost amounts to the nearest dollar. Purchases . Check My Work All Midnight Supplies Schedule of Cost of Goods Sold Weighted Average Cost Method For the Three Months Ended March 31 Cost of Goods Sold Total Cost Quantity Unit Cost Iny Un Total Cost Purchases Unit Cost Quantity 7,300 Quantity 80 1,752,000 21,900 52,560 82.50 4,336,200 43,800 84.50 3,701,100 7,300 35.00 620,500 Balances Sles, the total cost of goods sold, and the gross profit from a fonthe period Midnight Supplies Schedule of Cost of Goods Sold Weighted Average Cast Method For the Three Months Ended March 31 Cost of Goods Sold Cost Quantity Unit Cost Inventory Total Cost Quantity Unit Cost Total Cost 7,300 70 511,000 2,000 6,200 JL 1,100 20,500 ales for the period