The beginning inventory of floor mats at Eagle Home Supplies and data on sales for a three-month period are as follows purchases and Number Per Date Transaction of Units Unit Total Sept. Inventory 250 $ 6.10 $1,525 Purchase 750 6.20 4,650 20 Sale 450 9.00 4,050 30 Sale 350 3,150 9.00 Oct. 8 Sale 50 455 9.10 10 Purchase 500 3,050 6.10 27 Sale 350 3,220 9.20 31 Sale 1,830 200 9.15 Nov. 5 Purchase 750 6.00 4,500 10.00 3,500 13 Sale 350 2,380 5.95 400 23 Purchase 5,000 10.00 500 Sale 30 Instructions Assume that the business uses the perpetual inventory system. Prepare the stock card, similar to Exhibit 5, using the first-in first-out (FIFO) method. Assume that all sales and purchases are on above transactions on 30 September, 31 October and 30 November Determine the gross profit from sales for the period. 1 credit, journalise all entries to record the 2. 3. 4. Determine the ending inventory cost