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 $562,500 7,500 Inventory 10 Purchase 22,500 1,912,500 1,687,500 28 30 Sale Sale 562,500 3,750 1,500 Feb. 5 Sale 225,000 10 Purchase 54,000 $75.00 85.00 150.00 150.00 150.00 87.50 160.00 160.00 89.50 160.00 90.00 160.00 16 Sale 27,000 25,500 4,725,000 4,320,000 4,080,000 4,027,500 28 Sale Mar. 5 Purchase 45,000 Sale 4,800,000 14 25 Purchase 30,000 7,500 26,250 675,000 Sale 4,200,000 Purchases Cost of Merchandis Unit Cost Date Quantity Unit Cost Total Cost Quantity Jan. I 22,500 S 85.00 $ 1,912,500 Feb. 5 Feb. 54,000 / 87.50 4,725,000 Feb. 45,000 4,027,500 Cost of Merchandise Sold Quantity Unit Cost Total Cost Inventory Unit Cost Quantity Total Cost 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 from sales 3. Determine the ending inventory cost as of March 31. si