The following information for Dorado Corporation relates to the three month period ending September 30 Sales Beginning inventory Purchases Ending Inventory Units 435,000 37,000 410,000 12,000 Price per Unit $ 38 20 26 ? Dorado expects to purchase 160,000 units of inventory in the fourth quarter of the current calendar year at a cost of $27 per unit, and to have on hand 49,000 units of inventory at year end. Dorado uses the last-in, first-out (LIFO) method to account for inventory costs. a. Determine the cost of goods sold and gross profit amounts Dorado should record for the three months ending September 30, b. Prepare journal entries to reflect these amounts. a. Determine the cost of goods sold and gross profit amounts Dorado should record for the three b. Prepare journal entries to reflect these amounts. Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Determine the cost of goods sold and gross profit amounts Dorado should record for the three months en Cost of goods sold Gross profit $ 11,160,000 $ 5,370,000 Reguld Required B > a. Determine the cost of goods sold and gross profit amounts Dorado should record for the three months b. Prepare journal entries to reflect these amounts. Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Prepare journal entries to reflect these amounts. (If no entry is required for a transaction/event, select "No journ. required" in the first account field.) No Transaction General Journal Debit Credit