Question: answer this solution Question 3 [14 points] The Global Filter Corp. company has the following purchases and sales during the year ended December 31,2014. InventoryandPurchasesBeginning:400units@$55/unitSalesMarch12:300units

answer this solution Question 3 [14 points] The Global Filter Corp.

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Question 3 [14 points] The Global Filter Corp. company has the following purchases and sales during the year ended December 31,2014. InventoryandPurchasesBeginning:400units@$55/unitSalesMarch12:300units Beginning: 400 units@ \$55/unit March 12: 300 units June 6: 500 units@ \$61/unit The units have a selling price of $75.00 per unit. a) Please fill in the table bv calrulating the dollar value of cost of goods sold and ending inventory, as well as the gross profit earned by Global Filter Corp. using the FIFO system

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