Q-4) Below are the purchases and sales of merchandise inventory of Crown Merchandising Company during April 2020: Date April 1 April 8 April 10 April 13 April 15 April 20 April 25 April 30 Transaction Unit Beginning Inventory 100 Purchases 120 Sold 80 Purchases 100 Purchases 30 Sold 120 Purchases 60 Sold 80 Unit Cost / Unit Selling Price (s) 10 24 40 27 29 40 30 40 1) The company uses perpetual inventory method. Compute the value of merchandise inventory as of April 30, 2020 and the gross profit figure for April 2020 according to each of the inventory valuation methods given below: Weighted Average Method . FIFO 2) Assume that the company uses periodic inventory. Compute the same figures for each of the methods and compare the results