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:

Required:

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.

ALSO DETERMINE THE TOTAL SALES, TOTAL COST OF GOODS SOLD, AND THE GROSS PROFIT FROM SALES FOR THE PERIOD.

Determine yhe ending inventory cost as of March $31$ too!

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:

Required:

the nearest dollar.

FILL THAT WHOLE CHART AND AT THE END DETERMINE THE TOTAL SALES THE TOTAL COST OF GOODS SOLD AND THE GROSS PROFIT FROM SALES FOR THE PERIOD AND DETERMINE THE ENDING INVENTORY COST AS OF MARCH $31.$