42 10 points Beginning inventory and purchases and sales during the year were as follows: Jan 1 Inventory, 2,000 Units Jan 4th Purchase 4,000 Units at $24 each Jan 10th Sold 3,000 Units for $80,000 Jan 15th Purchase 2,500 Units at $28 each Jan 18 th Sold 4,000 Units for $150,000 Complete the chart below and determine Total Cost of Merchandise Sold, Total Remaining Inventory and Gross Profit using the FIFO Method. Date Purchases Cost of Merchandise Sold Inventory Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost 1-Jan 2,000 20 40,000 4-Jan - 2,000 20 40,000 10-Jan : - - 15-Jan * - 18-Jan - - Balances =