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: Number Date Transaction 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 156.00 553,800 3,550 1,420 Feb. 5 Sale 156.00 221,520 10 Purchase 51,120 90.50 4,626,360 16 Sale 25,560 166.00 4,242,960 > 28 Sale 166.00 4,007,240 24,140 42,600 Mar. 5 Purchase 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: Envel Purchases Unit Cost Date Cost of Goods Sold Unit Cost Quantity Tatal cost Quantity Total Cost Quantity Unit 10 20 Jan 30 Fobs Feb 10 Irabic 30 PS Mar 14 M23 M30 M Purchases RE Cest of Goods Sold Quantity Unit Cost Total Cost Quantity Unit Cost Inventory Unit Cost Total Cost Quantity Total Cost ces total cost og andre some for the period Mar. 31 Balances 2. Determine the total sales, the total cost of goods sold, and the gross profit from sales for the period. si Total sales Total cost of goods sold Gross profit 3. Determine the ending inventory cost as of March 31. s $