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Beginning inventory, purchases, and sales data for portable game players are as follows: Apr. 1 Inventory 120 units at $26 per unit 10 Sale 90

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Beginning inventory, purchases, and sales data for portable game players are as follows: Apr. 1 Inventory 120 units at $26 per unit 10 Sale 90 units at 15 Purchase 140 units at $28 per unit Sale 150 units at 30 Purchase 160 units at $30 20 REQUIRED a Calculate the value of the closing inventory using FIFO and AVCO. (6 Marks) (b) Calculate the Gross Profit for the month of April. (4 Marks)

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