1. Post all opening balances and inventory-related transactions in T-accounts for fiscal 2004. Calculate the average unit cost for each purchase (after any returns) during fiscal 2004 and the cost of goods available for sale. Please take average unit costs to three decimal places. 2. Calculate to the nearest dollar the ending inventory value and the subsequent cost of goods sold using FIFO and the average cost method. 3. Assume that the manufacturer announced the introduction of a new model with additional accessories and a sleeker design in September 2004. Production of the old model would be discontinued immediately. Gregorio estimated that the remaining units on hand could be liquidated at a price of $410 per unit. Assuming the drop in net realizable value per unit was permanent, would this information have any effect on the inventory value recorded on the September 30,2004 balance sheet? Why? 1. Post all opening balances and inventory-related transactions in T-accounts for fiscal 2004. Calculate the average unit cost for each purchase (after any returns) during fiscal 2004 and the cost of goods available for sale. Please take average unit costs to three decimal places. 2. Calculate to the nearest dollar the ending inventory value and the subsequent cost of goods sold using FIFO and the average cost method. 3. Assume that the manufacturer announced the introduction of a new model with additional accessories and a sleeker design in September 2004. Production of the old model would be discontinued immediately. Gregorio estimated that the remaining units on hand could be liquidated at a price of $410 per unit. Assuming the drop in net realizable value per unit was permanent, would this information have any effect on the inventory value recorded on the September 30,2004 balance sheet? Why