The beginning inventory of merchandise at Keats Office Supplies and data on purchases and sales for a three-month period are as follows:

Date		Transaction	Number of Units		Per Unit		Total
March 3		Inventory	78		$450		$35,100
8		Purchase	156		540		84,240
11		Sale	105		1,500		157,500
30		Sale	66		1,500		99,000
April 8		Purchase	130		600		78,000
10		Sale	78		1,500		117,000
19		Sale	39		1,500		58,500
28		Purchase	130		660		85,800
May 5		Sale	78		1,575		122,850
16		Sale	104		1,575		163,800
21		Purchase	234		720		168,480
28		Sale	117		1,575		184,275

1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record , 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 Merchandise Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column.

2. Determine the total sales, the total cost of merchandise sold, and the gross profit from sales for the period.

Total sales	$____
Total cost of merchandise sold	$____
Gross profit from sales	$____

3. Determine the ending inventory cost as of May 31, 2016. $___