Burlington Wholesale Inc. had the following inventory transactions for one month. The company uses a perpetual system and FIFO. All purchases and sales are on account. # of unit cost or items sale price January 1 Opening balance 40 $20 January 5 Purchase Purchase January 7 of January 5 items returned 20 20 $22 -5 January 10 Sale 50 50 $40 January 12 Purchase 25 25 $24 January 17 Sale 20 $50 January 24 Purchase 35 $25 Use an inventory cost chart and an accounting chart to analyze the above transactions, and then answer the questions below. Where you are asked to enter a percentage, you may enter it in any of several ways. For example, 78 percent can be entered as 78%, .78, 0.78, or 78. Dollar figures should be entered WITHOUT dollar signs, commas, or decimal points.