Weighted average cost method with perpetual inventory The beginning inventory at Midnight Supplies and data on purchases and sales for a three-month period ending March 31 are as follows: Date Transaction Jan. 1 Inventory Jan. 10 Purchase Jan. 28 Sale Jan. 30 Sale Feb. 5 Sale Feb. 10 Purchase Feb. 16 Sale Feb. 28 Sale Mar. 5 Purchase Mar. 14 Sale Mar. 25 Purchase Mar. 30 Sale Number of Units Per Unit Total 9,000 21,000 10,250 5,750 3,500 39,500 15,000 10,000 25,000 30,000 10,000 19,000 $60.00 $540,000 70.00 1,470,000 1,435,000 805,000 490,000 75.00 2,962,500 150.00 2,250,000 150.00 1,500,000 82.00 2,050,000 150.00 4,500,000 884,000 150.00 2,850,000 140.00 140.00 140.00 88.40 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 Round unit cost to two decimal places, if necessary. Round all total cost amounts to the nearest dollar.

total cost of goods sold, and the gross profit from sales for the penod. Weighted average cost method with perpetual inventory The beginning inventory at Midnight Supplies and data on purchases and sales for a three-month penod ending March 31 are as follows: 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 averagd Round unit cost to two decimal places, if necessary. Round all total cost amounts to the nearest dollar. 3. Determine the ending inventory cost as of March 31