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The beginning inventory at Midnight Supplies and data on purchases and sales for a three-month...

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Accounting

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
Number of Units
Per Unit
Total
Jan. 1 Inventory 2,600 $58.00 $150,800
10 Purchase 7,20066.00475,200
28 Sale 3,950116.00458,200
30 Sale 1,300116.00150,800
Feb. 5 Sale 500116.0058,000
10 Purchase 17,50068.001,190,000
16 Sale 9,200121.001,113,200
28 Sale 8,000121.00968,000
Mar. 5 Purchase 14,40069.601,002,240
14 Sale 10,100121.001,222,100
25 Purchase 3,30070.00231,000
30 Sale 7,900121.00955,900
Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record , using the first-in, first-out method.

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