Lavara Corp uses the perpetual inventory method with the following information available: Units Unit Cost Total Cost Jan. 1 Beginning inventory 25 $5.80 $ 145 20 Purchase 60 5.40 324 21 Sale (sold for $19 each) 65 - - July 25 Purchase 40 5.30 212 Oct. 20 Purchase 45 5.80 261 Nov. 15 Sale (sold for $15 each) 75 - - Instructions: (Note: Blank Working paper is attached on the following page) You MUST show ALL CALCULATIONS in order to obtain full marks. No calculations = ZERO marks awarded. Answer the following independent and unrelated questions for Lavaras transactions. (a) What is the value of Cost of Goods Available for sale at the end of November. $_________ (b) How many units were available for sale during the year? __________ (c) Assume that the company uses the FIFO cost formula. The cost of goods sold for the Jan 21 sale was $__________. How much gross profit was earned on this sale? $ . (d) Assume that the company uses the FIFO cost formula. The value of the ending inventory after the October 20 purchase is $__________. (e) Assume that the company uses the average cost formula. The cost of goods sold for the Jan 21 sale was $__________. Use two decimal points only to calculate your average unit cost. 1. Record the Journal entry for the Jan 21st sale under assumption (C) above