Please answer 1) and 2). Thank You.

Farisha Trading uses the perpetual inventory system and reports the following inventory, purchases and sales for the month of July. ExplanationDate Inventory: Purchases: July 1 July 10 July 20 July 30 July 15 July 25 UnitsPer Unit 200RM4.00 500 RM4.50 400 RM4.7:5 300 RM5.00 500RM6.00 400RM7.00 Sales: The physical inventory count on July 31 shows 500 units on hand. Required: Using First in, First out (FIFO) method; 1) Calculate the ending inventory and cost of goods sold. 2) Determine the total sales and gross profit. (10 marks) (5 marks) (Total: 25 marks)