3 [14 points] The Segura Corporation company has the following purchases and sales during the year ended December 31, 2014. Inventory and Purchases Beginning: 400 units @ $80/unit February 8: 400 units $75/unit October 31: 150 units @ $79/unit Sales March 28: 200 units November 27: 300 units The units have a selling price of $105.00 per unit. a) Please fill in the table by calculating the dollar value of cast of goods sold and ending inventory, as well as the gross profit earned by Segura Corporation using the FIFO system. FIFO Cost of Goods Sold Ending Inventory Gross Profil b) Prepare journal entries to record the following (assuming all sales and purchases are for cash): (a) The purchase on October 31, (b) The sale on November 27. Enter the transaction letter as the description when preparing a journal entry. When a transaction requires two separate journal entries, use the same letter for both descriptions. Dates must be entered in the format dd/mmm (ie. 15/Jan). Date General Journal Account/Explanation Page GJ8 F Debit Credit