MEC Question 13 Bahrain Company made the following merchandise purchases and sales during the April, 2021 April 1 April 4 April 14 April 28 The beginning inventory balance 500 units at $30 each Sold 350 units at $ 40 each Purchased 400 units at $ 32 each Sold 400 units at $ 50 each Answer the following questions assuming that the company uses the First IN First Out (FIFO) method. Note: Write only the final amount - Do not show your calculation 1) What is Cost of goods sold on April 4? 2) What is the inventory balance on April 4? 3) What is the total cost of merchandise purchased on April 14? 4) What is the inventory balance on April 14? 5) What is the Cost of goods sold on April 28? 6) What is the inventory balance on April 28? AQUSE