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 $9,000$ $$60\mathrm{.}00$ $$540,000$

Jan. $10$ Purchase $21,00070\mathrm{.}001,470,000$

Jan. $28$ Sale $10,250140\mathrm{.}001,435,000$

Jan. $30$ Sale $5,750140\mathrm{.}00805,000$

Feb. $5$ Sale $3,500140\mathrm{.}00490,000$

Feb. $10$ Purchase $39,50075\mathrm{.}002,962,500$

Feb. $16$ Sale $15,000150\mathrm{.}002,250,000$

Feb. $28$ Sale $10,000150\mathrm{.}001,500,000$

Mar. $5$ Purchase $25,00082\mathrm{.}002,050,000$

Mar. $14$ Sale $30,000150\mathrm{.}004,500,000$

Mar. $25$ Purchase $10,00088\mathrm{.}40884,000$

Mar. $30$ Sale $19,000150\mathrm{.}002,850,000$

Required:

$1.$ Record the inventory, 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 LIFO, if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Goods Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column. Round unit cost to two decimal places, if necessary.