3. Deteritine the gioss bropit from sales for the peringl. x 4. Oetermine the ending invintoy cose on June jo. T. X. Number \begin{tabular}{|crrr} \hline Date Transaction & of Units & Per Unit & Total \\ \hline Apri 3 Inventory & 40 & $670 & $26,800 \\ \hline 8 Purchase & 120 & 690 & 82,800 \\ \hline 11 Sale & 60 & 1,120 & 67,200 \\ \hline 30 Sale & 50 & 1,120 & 56,000 \\ May \& Purchase & 100 & 700 & 70,000 \\ 10 Sale & 80 & 1,120 & 89,600 \\ 19 Sale & 30 & 1,120 & 33,600 \\ 28 Purchase & 120 & 707 & 84,840 \\ June 5 Sale & 60 & 1,260 & 75,600 \\ 16 Sale & 40 & 1,260 & 50,400 \\ 21 Purchase & 180 & 712 & 128,160 \\ 28 Sale & 190 & 1,260 & 239,400 \end{tabular} Required: 2. Determine the total sales and the total cost of merchandise sold for the period. Journalize the entries in the sales and cost of merch box does not require an entry, leave it blank. 3. Determine the gross profit from sales for the period. 4. Determine the ending inventory cost on June 30. 5. Based upon the preceding data, would you expect the inventory using the last-in, first-out method to be higher or lower