A review of the Double Rainbow Corporation shows the following purchases and sales:

Jan 1Beginning inventory50 units at $16.00 $800

March 3Purchases100 units at $19.00 $1.900

April 7Sales110 units at $38.00

Aug. 21Purchases60 units at $22.00 $1,320

Oct. 3Purchases30 units at $20.00 $600

Dec 15Sales64 units at $36.00

Calculate the following.Show all calculations.

i.Calculate the number of units in ending inventory.

ii.Calculate FIFO total $ in ending inventory based on the perpetual method

iii. Weighted average total ending inventory based on the periodic method (round weighted average cost to 2 decimal places. Round final answer to nearest dollar)

iv. Using FIFO based on the perpetual method, calculate the total gross profit.