Easter Eggs, Inc. specializes in decorative eggs sold by the case (each case is a unit of inventory). The following information was taken from the Company's inventory records for the year ended April 30, 2021. Units 65,000 85,000 175,000 45,000 120,000 Value/Unit $14.00 Total Beginning Inventory4/30/20 Purchase 1-6/25/20 Purchase 2-3/15/21 Purchase 3-4/2/21 Ending Inventory-4/30/21 S 910,000 $1,360,000 $2,975,000 $855,000 $16.00 $17.00 $19.00 Calculate the required amounts and fill in the table below: Sales (in units):_250,000 Goods Available for Sale (units): 370,000 Goods Available for Sale ($): 6.100,000 Note: Students must show their work in the space provided to receive full credit for their solution. Ending Inventory Cort of GoodsSold 45000 19-855,000 75000 17-1275,000 Total- 2,130.000 65000 14- 910,000 85000 16- 1360,000 100000171.700,000 Total 3,970 000 FIFO 65000 14-910.000 S5000 16- 880 000 Total- 1.790,000 45000 19 855.000 175000 17-2,975,000 30000 16-480,000 Stal- 4,310.000 LIFO 16.4864 120000- 1,978 368 16.4864 250000-4.121 652 Weighted Average Ending Inventory Cost of Goods Sold 45000*19- 855.000 75000 17- 1,275.000 Total- 2,130.000 65000 14-910,000 85000*16-1,360,000 100000 17= 1,700,000 Total- 3,970,000 FIFO 65000*14-910,000 55000*16- 880,000 Total- 1,790,000 45000*19- 855,000 175000*17-2,975,000 30000 16-480,000 Total- 4,310,000 LIFO 16.4864 120000- 1,978,368 16.4864*250000- 4,121,632 Weighted Average The sales price was $20 per unit. Calculate the gross margins for Easter Eggs, Inc. using FIFO and LIFO. FIFO LIFO Sales 6,100,000*20- Cost of Goods Sold Grosa Margan What is the LIFO reserve at 4/30/212 What is inventory profit at 4/30/21?