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	7,100		$78.00		$553,800
10		Purchase	21,300		88.00		1,874,400
28		Sale	10,650		156.00		1,661,400
30		Sale	3,550		156.00		553,800
Feb. 5		Sale	1,420		156.00		221,520
10		Purchase	51,120		90.50		4,626,360
16		Sale	25,560		166.00		4,242,960
28		Sale	24,140		166.00		4,007,240
Mar. 5		Purchase	42,600		92.50		3,940,500
14		Sale	28,400		166.00		4,714,400
25		Purchase	7,100		93.00		660,300
30		Sale	24,850		166.00		4,125,100

Required:

1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illustrated in Exhibit 5, using the weighted average cost method. Round unit cost to two decimal places, if necessary. Round all total cost amounts to the nearest dollar.

2. 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.