2 Following up on Question 1: During the month of April, 2020, Bloomfield sells 50 rulers, 40 mechanical pencils, and 30 notebooks. Using the full cost values you calculated above (ie, including the additional expenditures for shipping and duties), compute the cost per unit of inventory in dollars and cents but without a $ sign, eg xx.xx. Note: in this format. 5.5 is not a valid answer, but 5.50 is 1. Rulers 2. Pencils 3. Notebooks: $7.44 $13.25 $11.20 Now calculate the cost of goods sold for the items sold during April. Enter your results in whole dollar, without a sign 1 Rulers 1. Pencils Notebooks S Total COGS S Finally, calculate the book value of the inventory that remains after the April sales. Note as an intermediate step, you need to compute the number of units remaining in inventory for each category Provide your answers below in whole dollars without a 5 sign. Hint: Total COGS above plus total ending inventory below should add up to the total beginning inventory you calculated in question! 1. Puters Penci 5 3. Notebooks 3 For Black 9 QUESTION 1 The Bloomfield Corporation sells three products: rulers, rulers at $3.00 each; 100 mechanical pencils at $5.00 es Using the information above, calculate the balance sheet chanical pencils, and notebooks. The company begins operations on April 1, 2020 by purchasing 120. and 80 notebooks at $4.00 each. ue (also called book value) of the three categories of inventory that Bloomfield would report as of April 1, 2020. Note: your answers should all be whole dollar amounts, no decimals needed 1. Rulers 2. Pencils: $ 360 $500 3. Notebooks 4. Total: $ 320 $ 1180 Now assume that Bloomfield incurs the following additional ex; nditures to acquire the inventory on April 1, 2017: Shipping costs for rulers are $12 per order. The mechanical pencils are imported, each unit is subject to an import duty of $0.30. Shiping costs for notebooks are $8 per order plus $0.10 per unit. Re-calculate the book value of the three inventory categories as of April 1, 2020, taking into account the additional expenditures noted above. Again, all values should be in whole dollars 1 Rulers $372 2. Pencils $530 3. Notebooks $336 Total 1238