On the basis of the following data, determine the value of the inventory at the lower-of-cost-or-market by applying lower-of-cost-or-market to each inventory item, as shown in Exhibit 10. Market Value per Unit (Net Realizable Value) Item Inventory Quantity Cost per Unit JFW1 145 $25 $28 SAW9 283 12 8 The following three identical units of Item LO3V are purchased during April: Item Beta Units Cost April 2 Purchase 1 $ 138 April 15 Purchase 1 141 April 20 Purchase 1 144 Total 3 $423 Average cost per unit $141 ($423 = 3 units) Assume that one unit is sold on April 27 for $195. Determine the gross profit for April and ending inventory on April 30 using the (a) first-in, first-out (FIFO); (b) last-in, first-out (LIFO); and (c) weighted average cost method. Gross Profit Ending Inventory a. First-in, first-out (FIFO) b. Last-in, first-out (LIFO) $ c. Weighted average cost $