(15 points-9 points for correct perpetual inventory record , 2 points each for COGS, Ending Merchandise Inventory and Gross Profit Figures) Iron Hill began August with 46 units of iron inventory that cost $40 each. During August, the company completed the following inventory transactions: Aug. 3 Aug. 8 Aug.21 Aug. 30 Sale Purchase Sale Purchase 38 units @ $60 each 72 units @ $45 each 65 units @ $70 each 35 units @ $48 each Prepare a perpetual inventory record for the merchandise inventory using the LIFO inventory costing method, and determine the company's cost of goods sold, ending merchandise inventory, and gross profit. cost of goods sold = ? ending merchandise inventory = ? gross profit=? Purchases Cost of Goods Sold Unit Quantity Cost Unit Cost Date Total Cost Quantity Inventory on Hand Unit Quantity Cost Total Cost Total Cost Aug. 1 3 8 21 30 Totals