I need some to check my work. Please focus on the inventory account, we are supposed to use the first in, first out system. I also need help with the breakeven calculation

can you go through the list of events and tell me what my inventory account balance should be on the horizontal balance sheet.

urvey of Accounting Comprehensive Assignment - Financial Statements Flexible Budget Transaction List: 1. Acquired $500,000 by signing a note payable with a local bank 2. Sold 25,000 shares of $22 par value Common Stock for $1,500,000 3. Purchased Equipment for $300,000 cash 4. Purchased 25,000 Units of Inventory on Account at $1.15 per unit 5. Sold 15,000 units at $3.50 on Account 6. Collected $40,000 of accounts receivable 7. Paid $17.250 of Accounts Payable 8. Purchased 170,000 units of Inventory on Account at $1.05 per unit 9. Sold 175,000 units at $3.50 on Account vo. Collected $472,500 of accounts receivable 11. Paid $118,600 of Accounts Payable V 12. Purchased 275,000 units of Inventory on Account at $1.35 per unit 13.Sold 200,000 units at $3.50 on Account 14. Collected $735,000 of accounts receivable 15. Paid $294,150 of Accounts Payable V16. Purchased 300,000 Units of Inventory on Account at $1.15 per unit 37. Record Sales & Marketing Expenses of $30.000 (paid in cash) 18. Record Operating Expenses of $75.708 (paid in cash) 19. Record Wage Expenses of $40,000 (paid in cash) 20. Record Product Line Research & Development Expenses of $150,000 (paid in cash) 21. Record Advertising Expenses of $87,500 (paid in cash) 22. Made the yearly required payment on the note payable. The note carries a 7% interest rate and requires payments of $50,000 plus interest each December 31. 23. Record Yr 1 Depreciation on Equipment with Salvage Value of $38,000 and useful life of 7 Yrs (straight-line depreciation) 24. Declared a $10,000 cash dividend for stockholders a $10,000 cash dividend for stockholders 25. Paid CA ARCH LET ca PE 311 SIT TU TU 11 VE 11 13 14 15 Research & Dev Exp $ 150,000.00 Advertising Expense $ 87.500.00 Depreciation Exp $ 37,429.00 Interest Expense $ 35,000.00 Net Income $ 441,363.00 $ 150.000.00 $ 87.500.00 $ 37,429.00 $ 35,000.00 $ 498,863.00 $ 150.000.00 87.500.00 37,429.00 35.000.00 $ 556,363.00 6 to Inventory Production Beginning Inventory + Purchases Estimated COGS Desired Ending *use ending inventory from your horizontal $ 452,500.00 balance sheet for beginning inventory for the $ 100.500.00 $ 528,000.00 *largest projected units at average COGS/unit $ 25,000.00 Purchases = $ 100,500.00 Breakeven Calcuation BE = FC/ (CM/Unit)