help please

C Chegg C Get Homework Help With Chegc X di/4141/4/4@0.00:482 PR 7-1A FIFO perpetual inventory The beginning inventory at Midnight Supplies and data on purchases and sales for a three-month period ending March 31, are as follows OBJ. 2,3 3. $8.983,125 Number of Units Per Unit Excel Date Transaction Total $ 562.500 7.500 $ 75.00 Jan. 1 Inventory Purchase 1,912.500 10 22.500 85.00 Show Me How 28 Sale 150.00 11.250 1,687.500 3.750 150.00 562.500 30 Sale Feb 5 Sale 1,500 150,00 225.000 8750 4725,000 10 Purchase 54,000 4,320,000 Sale 22.000 160 00 16 25,500 160.00 4.080,000 28 Sale AS000 8950 4027 500 Mar. 5 Purchase Sale 0 000 160.00 4.800,000 14 90,00 675.000 25 Purchese ioo 26250 16000 4,200,C00 30 Sale instructions NRecord thie insentory, purchasesand cst cl nchandise sold data in a perpetiual inventory rescord similar to the one illusad inENbibit 5, using the first in, first-ous method Detenine she total stles and the to o merchandise sold for the period Jour- nalize the eecs in the sales and osa erchadise seld accounts Assane that all salth were on accout T Themsing the goss protit fri sdes tiie dhe rs Aa 3:13 PM e m ... C Chegg C Get Homework Help With Cheg 10 + X 4088/ct/415AVNDO.00000 rom IE 385 Chapter 7 Inventories Determine the ending inventory cost as of March 31 S Based upon the preceding data, would you expect the inventory using the last-in first out method to be higher or lower? MGross