The beginning inventory at Midnight Supplies and data on purchases and sales for a P7-1 FIFO cost method three-month c-aind ending March 31 are as follows: Inventory, 51,010,6 Instructions 1. Determine the cos of the 11,250 units of inventory on March 31 using the finstin, first-out (P1PO) coat medhod. 2. Detrraine the sales, cost of goods sold, and gross profit for the three-month period. 3. Based upon the preceding data and using the following table, indicate with a check mark (v/) whether the item would be the same, higher, or lower if the last-in, first-out (LFFO) method had been used. The answer for sales is shown as an example