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 7,700 $79.00 $608,300 10 Purchase 23,100 89.00 2,055,900 28 Sale 11,550 158.00 1,824,900 30 Sale 3,850 158.00 608,300 Feb. 5 Sale 1,540 158.00 243,320 10 Purchase 55,440 91.50 5,072,760 16 Sale 27,720 168.00 4,656,960 28 Sale 26,180 168.00 4,398,240 4,319,700 Mar. 5 Purchase 46,200 93.50 14 Sale 30,800 168.00 5,174,400 25 Purchase 7,700 94.00 723,800 4,527,600 30 Sale 26,950 168.00 1. Record the inventory, purchases, and cost of goods sold data in a perpetual Inventory record similar to the one illustrated it using the weighted average cost method Round CT decimal places. If necessary. Round all total cost amounts to the nearest dollar Midnight Supplies Schedule of Cost of Goods Sold Weighted Average Cost Method For the Three Months Ended March 1 Purchases Cost of Goods Sold Inventory Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cest Total Cou Jan 1 Jan 10 Jan. 28 Y. 30 ob 5 Feb. 10 Feb. 16 Feb. 28 Mars Mar. 14 Mat. 25 Mar. 30 Mar. 31 Balances vous Next > 2. Determine the total sales, the total cost of goods sold, and the gross profit from sales for the period. Total sales Total cost of goods sold Gross profit 3. Determine the ending inventory cost as of March 31