PR 6.3A The beginning inventory for Midnight Supplies and data on purchases and sales for a three month period are shown in Problem 6-1A. Instructions I. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record Weighted average cost method with perpetual inventory Obj. 2.3 2 #2 Gross profit $5,893,125 similar to the one illustrated in Exhibit 5, using the weighted average cost method 2, Determine the total sales, the total cost of goods sold, and the gross profit from sales for 3, Determine the ending inventory cost as of March 31, PR 6-1A FIFO perpetual inventory Obj. 2, 3 s The beginning inventory at Midnight Supplies and data on purchases and sales for a three- month period ending March 31 are as follows: Number of Units Per Unit DateTransaction Total Jan. 1 Inventory 7,500 $ 75.00 $ 562,500 1,912,500 1,687,500 562,500 225,000 87.50 4,725,000 4,320,000 10 Purchase 28 Sale 30 Sale 22,500 11,250 3,750 1,500 54,000 27,000 25,500 45,000 30,000 7,500 26,250 85.00 150.00 150.00 150.00 Feb. 5 Sale 10 Purchase 16 Sale 28 Sale 160.00 160.00 89.50 160.00 90.00 160.00 4,080,000 4,027,500 4,800,000 675,000 4,200,000 Mar. 5 Purchase 14 Sale 25 Purchase 30 Sale (Continued