Need help completing 7-2B using the chart provided below the question. Thanks!

b. Assume tha $369,750 of or damage covered due to theft of inventory during oblems: Series B Co. and data on purchases a PR 7-1B FIFo perpetual merchandise at Dunne follows: The beginning inventory of 2016, are as for a three-month period ending June 30, Unit Number 74 Total Units $1,200 25 93,000 1,240 75 Purchase 1,260 30 Sale 100,000 May 8 Purchase 10 Sale 1,260 19 Sale Purchase 2,250 June 5 Sale 56,250 2,250 25 16 Sale 1,264 21 Purchase 2,250 28 Sale Instructions merchandise sold data in a 1. Record the inventory, purchases, and cost of first-in, fint inventory record similar to the one illustrated in Exhibit 4, using the 2. Determine the total es total cost of merchandise for the period your the in the and the accounts. Assume that all sales and cost of sales were on account. 3. Determine the gross profit from sales for the period. 4. Determine the ending inventory cost on June 30, 2016. 5. Based upon the preceding data, would you expect the inventory using the last in first-out method to be higher or lower? PR 7-2B LIFO perpetual inventory OBJ 2,1 The beginning inventory for Dunne Co. and data on purchases and sales for a three-month period are shown in Problem 7-1B. Instructions 1. Record the inventory, purchases, and cost of merchandise sold in perpetua the last-in, fint out inventory record similar to the one illustrated in Exhibit 5, using method 2. Determine the total sales, the total cost of merchandise sold, and the gross profit sales for the period. 3. Determine the ending inventory cost on June 30, 2016