The following information for Dorado Corporation relates to the three-month period ending September 30.

		Units		Price per Unit
Sales		465,000		$	44
Beginning inventory		43,000			26
Purchases		440,000			32
Ending inventory		18,000			?

Dorado expects to purchase 190,000 units of inventory in the fourth quarter of the current calendar year at a cost of $33 per unit, and to have on hand 61,000 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.