Veterans Manufacturing Co.'s beginning inventory and data on purchases and sales during the month of December are as follows: Date Transaction Number of Unit Total Units Amount 1 Inventory 7,500 $75 $562,500 10 Purchase 22,500 $85 $1,912,500 28 Sale 11,250 $150 $1,687,500 30 Sale 3,750 $150 $562,500 Instructions: Using the perpetual inventory method, complete the following questions for the designated FIFO and LIFO workpapers provided: Record the inventory, purchases, and cost of goods sold data. 2. Determine the total sales revenue and cost of goods sold for the month of December 3. Determine the Gross Profit from the sales for the month of December. 4. Determine the ending inventory as of December 31st