The beginning inventory of floor mats at Intermountain Office Supplies and data on purchases and sales for a three-month period are as follows: Per Transaction Total Date Apr. 1 $ 420 1,760 1,400 1,800 May 8 Number of Units 200 800 350 450 50 500 350 200 750 350 400 500 Inventory Purchase Sale Sale Sale Purchase Sale Sale Purchase Sale Purchase Sale 205 $2.10 2.20 .4.00 4.00 4.10 2.30 4.20 4.50 2.40 5.00 2.60 5.00 June 5 1,150 1,470 900 1,800 1,750 1,040 2,500 30 Instructions 1. Record the inventory, purchases, and cost of merchandise sold data in a perpet- ual inventory record similar to the one illustrated in Exhibit 3, using the first-in, first-out method. 2. Determine the total sales and the total cost of floor mats sold for the period. Jour- nalize the entries in the sales and cost of merchandise sold accounts. Assume that all sales were on account. 3. Determine the gross profit from sales for the period. 4. Determine the ending inventory cost. costo Merchandise Sola, 2 laventory Date Quanti cost u antity Eost Cost 111111