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b. Bginhing inventory, purchases and sales data for a company are as follows: Aprii 1 Inventory 120 units at $26 April 10 Sale 90 units Aprll 15 Purchase 140 units at $28 April 30 Sale 110 units The business maintains a perpetual inventory system and costing by FIFO. a. What is the cost of merchandise sold on April 10, 2022? b. What is the cost of merchandise sold on April 30, 2022? c. What is the ending inventory value on April 30,2022 ? d. Based on the data, would you expect the inventory to be higher or lower using LIFO method? Explain