2. Blasko, Inc. reports inventory using LIFO. As of April 1, 2018, they report the following inventory lots (under LIFO and FIFO): LIFO Date Units Cost/Unit 1/21/2016 1,500 80 3/15/2017 1,200 72 3/26/2017 800 71.5 FIFO Date Units Cost/Unit 3/15/2017 700 72 3/26/2017 1,400 71.5 3/28/2017 1,400 70.5 Blasko reports the following activity during the month ended April 3, 2018: . On April 1, they purchase 1,100 units of inventory for $70 per unit. On April 14, they sell 2,400 units of inventory for $75 per unit. On April 27, they sell 600 units for $72 per unit. a. Calculate the LIFO reserve for Blasko as of April 1, 2018. b. Calculate the cost of goods sold under i) LIFO and ii) FIFO for the month ended April 30, 2018. c. Calculate the LIFO reserve for Blasko as of April 30, 2018. d. LIFO typically leads to higher cost of goods sold and lower inventory values. Is that the case here? If it is not, please explain why