4. (30 points) A company's inventory records indicate the following data for the month of April: April 1 beginning 350 units at $18 each April 5 purchase 290 units at $20 each April 9 sale 500 units at $55 each April 14 purchase 250 units at $22 each April 20 sale April 30 purchase 200 units at $55 each 240 units at $25 each A. If the company uses the first-in, first-out (FIFO) method and the perpetual inventory system, what would be the cost of the ending inventory reported on the Balance Sheet and the Cost of Goods Sold reported on the Income Statement? (10 points) Date MI CGS Inventory CGS