Hamilton 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 30 $15 March 1 Opening balance March 5 Purchase 25 $19 -5 Purchase March 7 of March 5 items returned March 10 Sale 40 $40 March 12 Purchase 20 $22 March 17 Sale 15 $50 March 24 Purchase 25 $24 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. Question 5 (1 point) What amount of cost of goods sold will be recorded on March 10? Question 6 (1 point) What is the value of the inventory after the March 10 transaction? Question 7 (1 point) What is the gross profit percentage on the March 10 sale? Question 8 (1 point) What is the amount of gross profit on the March 10 sale