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Need FIFO Journal And final questions

The beginning inventory at Midnight Supplies and data on purchases and sales for a three month period ending March 31 are as follows: 2 more Check My Work uses remaining. Previous The beginning inventory at Midnight Supplies and data on purchases and sales for a three month period ending March 31 are as follows: 1. Recond the inventory, purchases, and cost of goods sold data in a perpetual inventory record simstar to the one Mhustrated in Exhibit3, using the first-in, first-out method Under FiFO, first in the Cost of Goods Sold Unit Cost column and in the Inventory Unt Cost column. 2. Devermine the total sales and the total cost of goods sold for the period doumalice the evitries in the sales and cost of goods sold accounts Assume that alf sales were an account and date your joumal entry March 31. Refer to the Chart of Accounts for exact wording of account teles 3. Determine the gross profit from sales for the period. 4. Determine the ending inventory cost as of March 31. 5. Based upon the preceding data, would you expect the ending inventory using the last-in, first-out methad to be higher or lower? Higher Lower