QUESTION 1 TK Suppliers is a wholesale company. They focus primarily on office supplies, furniture and small electronic items. TK Suppliers uses the perpetual inventory system. For one specific inventory item they had the following transactions for the month of April. There were 210 items at the beginning of the month, with a cost of $50 each. Price $51 Date Apr 5 Apr 7 Apr 15 Apr 19 Apr 27 Transaction Purchased items Sold items Purchased items Purchased items Sold items Quantity 300 410 350 440 390 $531 $49 Calculate the value of COGS for the month of April and the value of ending inventory at the end of April using the FIFO method