Part A The following information is available for Rambo: May 1 Opening Inventory 85 units at $4.5 per unit 6 Purchases 50 units at $5.25 per unit 15 Purchases 90 units at $5.75 per unit 17 Sales 40 units at $10.25 31 Sales 110 units at $ 11 Business expenses amounted to $ 230. Calculate the profit for the month if inventory is valued as per: i. First In First Out method (5 marks) ii. Average Cost method