San Fernando Inc, began operations early in 2021. San Fernando is a calendar year-end company. Inventory purchase information for the first quarter ended March 31, 2021, for San Fernando's only product is provided below. The unit costs include the cost of freight. The company uses a periodic inventory system to report inventory and cost of goods sold. Sales for the quarter, all at $8 per unit, totaled 29,000 units leaving 19,000 units on hand the end of quarter. Use the following format for numbers: 1,234 Use the following format for percentages: 12%; round up or down to the nearest whole percent 1. What is San Fernando's cost of goods sold for the first quarter using FIFO? 2. What is San Fernando's cost of goods sold for the first quarter using LIFO? 3. What is San Fernando's gross profit ratio (or gross margin percentage) using FIFO? 4. What is San Fernando's gross profit ratio (or gross margin percentage) using LIFO