Easter Eggs, Inc. specializes in decorative eggs sold by the case (cach case is a unit of inventory). The following information was taken from the Company's inventory records for the year ended April 30, 2021 Beginning Inventory 4/30/20 Purchase 1-6/25/20 Purchase 23/15/21 Purchase 3-4/2/21 Ending Inventory - 4/30/21 Units 65,000 85,000 175,000 45,000 120,000 Value/Unit $14.00 $16.00 $17.00 $19.00 Total $ 910,000 $ 1,360,000 $ 2,975.000 $ 855,000 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 Cont of Good Sold 45000"19-855.000 65000 14 910,000 FIFO 75000*17-1275,000 85000.16-1.360,000 Total-2.130 000 100000 174 1.700,000 Total 3,970.000 LIFO 65000*14- 910.000 55000-16-880 000 Total- 1 790,000 4500019-355.000 175000-17-2,975.000 30000916- 480,000 tal-4.310.000 16.4364120000-1.918 368 16.486-4250000- 4.121632 Weighted Average Ending Inventory Cost of Goods Sold FIFO 45000919-855.000 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 LIFO 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 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 6,100,00020- Cost of Goods Sold Gross Margin What is the LIFO reserve at 4/30/217 What is inventory profit at 4/30/21