The beginning inventory at Midnight Supplies and data on purchases and sales for a three$-$month period ending March $31$ are as follows:

Date

Transaction

Number of Units

Per Unit

Total

Jan. $1$ Inventory $2,600$ $$54\mathrm{.}00$ $$140,400$

$10$ Purchase $7,00062\mathrm{.}00434,000$

$28$ Sale $3,850108\mathrm{.}00415,800$

$30$ Sale $1,300108\mathrm{.}00140,400$

Feb. $5$ Sale $500108\mathrm{.}0054,000$

$10$ Purchase $17,50064\mathrm{.}001,120,000$

$16$ Sale $8,700113\mathrm{.}00983,100$

$28$ Sale $8,600113\mathrm{.}00971,800$

Mar. $5$ Purchase $14,00065\mathrm{.}60918,400$

$14$ Sale $10,100113\mathrm{.}001,141,300$

$25$ Purchase $3,30066\mathrm{.}00217,800$

$30$ Sale $7,750113\mathrm{.}00875,750$

FIFO

Determine the total sales and the total cost of goods sold for the period. Journalize summary entries for the sales and corresponding cost of goods sold for the period. Assume that all sales were on account and date your journal entry March $31.$