A wholesaler trades in a product, which it sells to retailers at a fixed price of 85 per unit. The opening stock at the beginning of Year 3 was 200 units, which cost 40 each The following extract from the stock record for Month 1 Year 3 showed the following: Purchases Day Quantity Unit Price Total Sales Units Cost of Sales Units 400 45 18,000 9 200 46 9.200 10 500 21,500 18 500 45 22,500 19 100 4,500 24 200 47.50 9,500 30 100 48 4,800 31 9,200 4 II INI 200 REQUIRED (a) Calculate the total gross profit on sales for Month 1 Year 3 (4 marks) (b) State which method of pricing issues is currently being used Support your answer with relevant calculations (6 marks) (c) Choose an alternative method of pricing issues from stock on an actual cost basis and calculate the gross profit if this pricing method had been used (10 marks) (Total 20 marks)