5 Inventories and Cost of Sales ompany uses a perpetual inventory system. It ntered into the following purchases and sales units beginning transactions for April identification, the April 9 sale consisted of 12 units from beginning and 27 from the April April 30 sale 25 purchase.) nventory, 3 units from the April 6 purchase, and 10 units from the April PROBLEM SET a Ming Perpetual: Alternative cost flows sold at Retail Units Units Acquired at Cost Activities 20 units $3,000.00 per unit Apr Beginning inventory 30 units a $3S00 00 per unit 35 units $12.000.00 per unit s units $4.500.00 per unit Apr 17 Apr 25 Purchase 2S units $14.000.00 per unit 60 units 65 units Required 1. Compute cost of goods available for sale and the number of units available for sale. Check Ending 2. Compute the number of units in ending inventory and 3. Compute the cost assigned to ending inventory using (a FIFO. (b) LIFO. (c) weighted average inventory: FIFO, $24,000. LIFO, $15,000. WA, $20,000 (d) specific identification. (Round all amounts to cents) (4) LIFO gross 4- Compute gross profit earned by the company for each of the four costing methods in part 3 profit, 3549.500