The following information for Dorado Corporation relates to the three-month period ending September 30. Price per Sales Beginning inventory Purchases Ending inventory Units 545,000 59,000 520,000 34,000 Unit $ 60 42 48 Dorado expects to purchase 270,000 units of inventory in the fourth quarter of the current calendar year at a cost of $49 per unit, and to have on hand 93,000 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