Part C: Workout Problems. Answer All Questions (10 marks) 1. Bronco Enterprises provided you the following details for the year 2015. Beginning inventory First Purchase 130 units $30 each Second Purchase Third Purchase Fourth Purchase 120 units $35 150 units @$32 110 units $37 50 units $ 40 Sales 500 units $45 Required: Bronco Enterprises cost of goods sold (COGS) under FIFO (2 Marks]