The beginning inventory at Midnight Supplies and data on purchases and sales for a three-month period ending March 31 are as follows: Requirea: 1. Record the imventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illustrated in Exhibit 4, using the last-in, first-out method. Under UFO, if unis are in inventory ot two different costs, enter the units with the HIGHLR unit cost first in the Cost of Goods Sold Unit Cost colurno and LOWER. unit cost first in the Inventory Unit Cost column, Round unit cost to two decimal places, if necessary