Geronimo Ltd sells golf balls. At the beginning of April, Geronimo Lto had in beginning imentory 95 bicycies with a unit cost of $31. During April Geronimo Ltd made the following Durehaene a himala... During March, 805 units were sold. Geronimo Ltd uses a periodic imventory system. Required a. Determine the cost of goods available for sale. (1 mark) b. Determine (1) the ending inventory and (2) the cost of sales assuming the First-in, First-Out (FiFo) cost flow method is used. (3 marks) c. Determine (1) the ending inventory and (2) the cost of sales assuming the Last in, First-Out (1)Fo) cost tlow method is used, (3 marks) d. Suppose you were to use the LiFO cost flow methed. Would you expect the LiFO cost flow method to result in higher of lower imventory costs? Would you expect cost of sales to be higher or lower? Do your conclusions generalise for all possible cases? Explain. (3 marks) In the answer box below, write the letter and your answer. e.g. a. Your