Date Transaction Number of Units Per Unit Total Apr. 3 Inventory 42 $600 $25,200 8 Purchase 34 720 60,480 11 Sale 56 2,000 2.000 30 Sale 35 112,000 70,000 56,000 May 8 Purchase 70 800 10 Sale 42 2.000 84,000 19 Sale 21 2,000 42,000 61,600 28 Purchase 70 880 June 5 Sale 42 2,100 88,200 16 Sale 56 2.100 117,600 21 Purchase 126 969 120,960 28 Sale 63 2,100 132,300 Required: 1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one Illustrated in Exhibit 4, using the last-in, method. Under uro, ir units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the cost of Merchandise Sold Unit Cost colume LOWER unit cost first in the Inventory Unit Cost column Purchases Unit Cost cost of Merchandise SU Unit Cost Quantity Total Cost Unit Cost Quantity Total Cost Date Quantity 42 14 34 720 60,480 56 2,000 112,000 11 35 2,000 70,000 30 91 4,000 182,000 70 800 56,000 42 2,000 $ 84,000 10 19 21 42,000 2,000 28 13 70 380 61,600 2,100 38,200 2. Determine the total sales, the total cost of merchandise sold, and the gross profit from sales for the period. Total sales Total cost of merchandise sold Gross profit 3. Determine the ending inventory cost on June 30