Mohsin Sdn. Bhd. has the following information on inventory purchases, and sales for the month of May 2020. Inventory, May 1 100 units at RM8.50 each unit RM 850 Purchases: May 15 25 units at RM10 each unit RM250 May 24 40 units at RM15.95 each RM638 unit Sales: May 20 35 units at RM20 each unit May 25 43 units at RM25 each unit Operating expenses for the month of May, RM454. Required: a. Under the perpetual inventory system, determine the cost of goods sold and ending inventory under the weighted average cost method. b. Calculate the gross profit and profit for the month. c. Assume at the end of May, all unsold inventory can only be sold at RM7 (market value) each unit. Record the journal entry to adjust the inventory amount to be reported at Lower of cost or market (LCM) in the SOFP