1. The following pertain to the cost of H's only inventory item: Inventory on hand, January 1 . Purchases, January8 . Purchases, January 12 . Purchases, January 19 250 units @ $45 per unit 200 units @ $85 per unit 850 units a $89 per unit 500 units a $88 per unit 400 units @ $87 per unit 600 units a $90 per unit Purchases, January 20 Purchases, January 26 2,800 . Sales, January 5 . Sales, January 9 . Sales, January 13 . Sales, January 17 . Sales, January 22 Sales, January 360 75 units @ $200 per unit 150 units a $200 per unit 900 units @ $200 per unit 100 units $200 per unit 350 units $200 per unit 940 units @ $200 per unit 2,515 (2,515 x $200-S503,000) Calculate COGS AND GP for January AND EI as of 01-31 under the following assumption H uses perpetual LIFO EI COGS Gross profit