The following information for Dorado Corporation relates to the three-month period ending September 30. Price per Sales Units 535,000 Unit $58 Beginning inventory 57,000 40 Purchases 510,000 46 Ending inventory 32,000 ? Dorado expects to purchase 260,000 units of inventory in the fourth quarter of the current calendar year at a cost of $47 per unit, and to have on hand 89,000 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.