Question 27 (18 points) Sunshine Pets Ltd. holds beginning inventory of 18 bags of health science cat food at a cost of $24 each, as at July 1 . During the month of July, the company has recorded the following purchases and sales (see table below). Sunshine Pets is using the perpetual inventory method. Solve the following questions on paper. Then, fill in the Blanks below. a) Determine the cost of goods sold and the cost of the ending inventory using the first-in first-out (FIFO) cost formula. Blank \#1: What is the ending inventory cost (\$) after purchase on July 2? Blank \#2: How many units of inventory are recorded in the books after the selling transaction on July 10 ? Blank \#3: What is the ending inventory cost (\$) after purchase on July 12 ? Blank \#4: What sales revenue (\$) results from the selling transaction on July 17 ? Blank \#3: What is the ending inventory cost ($) after purchase on July 12 ? Blank \#4: What sales revenue ($) results from the selling transaction on July 17 ? b) Calculate Sunshine Pet Ltd.'s gross profit. Present your answer as plain number. Blank \#5: What is the gross profit (\$) for the month of July? c) Disregard your own calculations of the cost of goods sold and assume they are $544. Calculate the gross profit margin (i.e., gross profit percentage). Round the final result to 1 digit after the comma for the \%-value, for example: for 34.57% enter 34.6 without \%-sign. Blank \#6: What is the gross profit margin for July (considering provided CoGS)? Required format for entering numbers: only enter plain amounts, no $-signs or commas. Round final results to total \$-amounts. Submit your calculations to the dropbox after submitting the exam. Blank \# 1 Blank \# 2 Blank \# 3 Blank \# 4 Blank \# 5 Blank \# 6