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 7,200 $72.00 10 Purchase 21,600 82.00 28 Sale $518,400 1,771,200 1,555,200 518,400 10,800 144.00 30 3.600 144.00 Feb. 5 Sale Sale Purchase 1,440 144.00 10 84.50 207,360 4,380,480 3,991,680 16 Sale 154.00 28 Sale 3,769,920 Mar. 5 Purchase 51,840 25,920 24,480 43,200 28,800 7,200 25,200 154.00 86.50 154.00 14 Sale 25 3,736,800 4,435,200 626,400 3,880,800 Purchase Sale 87.00 30 154.00 . Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one austrated in thibiting the weighted average cost method. Round it cost to two decimal places, if Schedule of cost of Goods Sold Weighted Average Cast Method For the Three Months Ended March 31 Cost of Goods Sold Quantity Unit Cost Purchases Unit Cost Date Quantity Total Cost Total Quantay Inventory Unit Cost 72 V Total Cost 518,400 Jan. 1 7,200 Jan. 10 21,600 IS 32.00 IS 1,771,200 28.800 34 x Jan. 28 10,000 18,000 Jan. 30 3, t 14,400 Feb. 5 1,440 12,960 Feb. 10 51,840 34.50 4,380,480 64,800 Feb. 16 25,920 38,880 Feb. 28 24.480 14.400 V Mar. 5 43,200 86.50 57,600 3,736,000 Mar. 14 20,000 Mar. 25 7.2007 87.00 626,400 36,000 Mar. 30 25.2007 154 10,000 Mar 31 Balances 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