can you help me determine the total cost of merchandise sold for the period? I have the recorded inventory.

nod sed, the cost of the units sold mg Hwas originally used in tho trony + recently purchased units. H 1st units purchased are sold first Ending inuntory (most recent pure 28 Purchase 110 June 5 Sale 66 660 72,600 1,575 103,950 1,575 138,600 720 142,560 16 Sale 88 21 Purchase 198 28 Sale 99 1,575 155,925 Required: 1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one illustrated in Exhibit 3, using the first-in, first-out method. Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Merchandise Sold Unit Cost column and in the Inventory Unit Cost column. Rhodes Co. Schedule of Cost of Merchandise Sold FIFO Method For the three-months ended June 30 Purchases Cost of Merchandise Sold Date Apr. 11 Apr. 30 55 May 8 | | May 10 Inventory Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Apr. 3 ele 450$ 297006 11616 USD 129700-105 Apr. 8 132 540571280$ 132 540 1125 LYSO$ 29700$ 1415 132 22.11 22 540 11880310 540 9400 540 2970055 1540 29704 55 S4o ano 110 600 66000 110. Loo leleoul 155 540 anoo 110-11=de 11 Loo eleco 99 600 sati low 19800 de 100 3960o lele May 28 110 160 72600 139Lord 1060 Food June 5 1660 39400 66 660 396ool 28 660 5808 22 660 14520 June 21198 720 142569 22 14524 1198 1720 1142561 blo 1450 155440 121 120 167120 June 30 Balances 495 6096 1 101,376 May 19 June 16 June 28 720 $ Purch F10 49 F11 F12 # @ 2 $ 4 % 3 w 2. Determine the total sales and the total cost of merchandise sold for the period. Journalize the entries in the sales and cost of merchandise sold accounts. Assume that all sales were on account. If an amount box does not require an entry, leave it blank. s Description Post. Ref.DebitCredit Z Record sale Record cost 3. Determine the gross profit from sales for the period. $ 4. Determine the ending inventory cost as of 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