Question text Inventory Costing MethodsPerpetual Method Fortune Stores uses the perpetual inventory system for its merchandise inventory. The April 1 inventory for one of the items in the merchandise inventory consisted of 120 units with a unit cost of $325. Transactions for this item during April were as follows: April 9 Purchased 40 units @ $345 per unit 14 Sold 80 units @ 550 per unit 23 Purchased 20 units @ 350 per unit 29 Sold 40 units

a. Calculate the cost of goods sold and the ending inventory cost for the month of April using the weighted-average cost method. b. Calculate the cost of goods sold and the ending inventory cost for the month of April using the first-in, first-out method. c. Calculate the cost of goods sold and the ending inventory cost for the month of April using the last-in, first-out method.